Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/77480
anchor stores, including Debenhams and Harvey Nichols, plus the famed Ski Dubai slope, its sales outpace those of The Dubai Mall, a crosstown rival that posts some $900 per square foot. The Grove, a fashionable, art-deco- style open-air center in the Los Angeles Fairfax District, adjacent to the famed Farmers Market, weighs in at No. 8, with $1,400 in sales per square foot. The 575,000-square-foot center has Nord- strom and Crate & Barrel anchors and flagship Abercrombie & Fitch, Apple and Barnes & Noble stores. It boasts many first-in-the-market tenants and luxury retailers. "The Grove continues to be a powerhouse and is consistently tracked as the highest-volume center on the West Coast," said Paul Kurzawa, COO of center owner Caruso Affiliated. The 10-year-old center is fully occu- pied and draws about 30 percent of its traffic from tourists, plus shoppers from nearly 80 California ZIP codes, Kurzawa says. The Grove features an hourly foun- tain show with synchronized music, and a double-decker trolley runs through the property. It has become a Hollywood hotspot and serves as the set of the Extra TV show. "It's in the center of activity of what's going on in the heart of L.A.," said Kurzawa. Next up is the highly sought-after British clothing store, Top- Shop, which is set to open a West Coast flagship at the Grove next year. Another Caruso property, the 4-year-old, 600,000-square-foot Ameri- cana at Brand, in Glendale, Calif., is tied for No. 15, posting sales of $1,100 per square foot. The 2011 opening of an 11,000-square-foot Apple store there helps push those numbers. The first Disney Baby store in the country is scheduled to open at the mall this month, and a three-level Nordstrom will join the mix next year, moving over from the neighboring Galleria. Pacific Centre, of Vancouver, British Columbia, is in ninth place. At $1,255 in sales per square foot, it barely edges 38 SCT / SEPTEMBER 2012 CHADSTONE, IN MELBOURNE, AUSTRALIA, IS CALLED CHADDY BY LOCALS. out Orlando's The Mall at Millenia, which placed tenth and posts $1,250 per square foot. The former, home to British Columbia's first Apple Store, an H&M; flagship and a Bath & Body Works, is a 1.4 million-square-foot center that un- derwent a major renovation in 2008, adding on a new food court and other up- grades. The 1.1 million-square-foot Mall at Millenia, meanwhile, features anchors Bloomingdale's, Macy's and Neiman Marcus plus several luxury shops — Cart- ier, Chanel and Tiffany among them. General Growth Properties' cul- tured pearl, Ala Moana Center, in Ho- nolulu (No. 11), is the world's largest open-air shopping center. This 2.4 mil- lion-square-foot upscale mall, built in 1959 near Waikiki, gets 42 million visi- tors per year. The mall posts $1,200 in sales per square foot and has 290 stores — Macy's, Neiman Marcus, Nordstrom and Tiffany among them — plus about 75 dining options. And it is home to one of the most popular amphitheaters: Ala Moana Centerstage. Yorkdale shopping center, the larg- est mall in Toronto, at some 1.4 million square feet, is No. 12. Yearly sales here are $1,194 per square foot. Yorkdale has 250 stores, including The Bay, Crate & Barrel and Sears. A 145,000-square-foot expan- sion, which will add 40 stores, including a Microsoft store, plus 800 underground parking spaces, is nearing completion. Chadstone, of Melbourne, Australia, known colloquially as Chaddy, opened in October 1960 as the city's first self- contained regional shopping center. The 1.7 million-square-foot super-re- gional, which ranked No. 13, with sales at $1,157 per square foot, is expanding in floor area to about 2 million square feet. Among its main draws are the Myer and David Jones department stores, plus Aldi, Coles and Target. The Mall at Short Hills, in New Jer- sey, is No. 14, with sales of $1,110 per square foot, followed by a three-way tie for No. 15 between Americana at Brand; Aventura, Fla., Mall; and Brent Cross, London, all with sales of $1,100 per square foot. Macerich's Queens Center, in Elmhurst, N.Y., and Gen- eral Growth's Fashion Show, Las Vegas, both narrowly missed the list, with sales of $1,050 per square foot each. Of these 15, Ala Moana, Bal Har- bour and Chadstone all belie the notion that older centers grow gradu- ally less productive, being each some half a century old. SCT