(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)
TACOMA, WA-Simon Property Group's Tacoma Mall here is getting a new Nordstrom store and the developer will eventually add 105,000 sf of outdoor lifestyle space to the center. The new Nordstrom, a two-level, 144,000-sf unit, is set to open in the fall of 2008, and its current, 131,600-sf location at the mall is planned to stay open until then.
Construction will begin on the "multimillion-dollar" lifestyle wing early next year and the 45,000-sf first phase is set for completion by the end of 2007. It will include seven to eight stores and restaurants. A second, 60,000-sf lifestyle-center phase is also planned.
Nordstrom first opened at Tacoma Mall in 1966, which Indianapolis-based Simon acquired in 1987. The 1.3-million-sf center is also anchored by J.C. Penney, Macy's, Mervyn's and Sears.
Nordstrom currently has 21 stores in Simon malls across the country, and the retailer is the sixth largest anchor in the developer's portfolio by square footage, according to a Simon spokesperson. The Seattle-based retailer is also entering three Simon malls, replacing Filene's units. The three are scheduled to open each year from 2008 through 2010.
Nordstrom has 14 new store openings and three locations scheduled between now and 2010. Executives at the retailer, which operates 156 units in 27 states, have also expressed interest in entering space left behind by 83 stores Federated Department Stores is vacating as a result of its merger with May Department Stores.
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