The retail battleground in North Phoenix has shifted.
The affluent area is highly coveted by developers. The Macerich Westcor division's Palisene project and DMB Associates' One Scottsdale, as well as Related Urban Development and the Thomas J. Klutznick Co.'s City North, have competed for retail tenants.
With City North securing commitments from Nordstrom, Bloomingdale's and Macy's West, Macerich and DMB have decided they will have a better chance of realizing their goals by joining forces.
"We didn't want to contribute to the fragmentation of luxury up there," said Bob Williams, senior vice president of development leasing at Macerich. "The competitive landscape with the projects within 5 miles of each other wasn't going to be supportable. We asked ourselves, how do we take a leadership role and resolve this? We're a perfect match" for DMB.
Macerich Partnership LP, the operating partnership of Macerich, and DMB Associates said they have complimentary strengths and skills. DMB leads on the luxury residential, office and hospitality fronts, while Macerich has deep experience with retail development, leasing and operations.
The first venture in the Macerich-DMB alliance will be One Scottsdale, a 120-acre project on the northeastern tip of the Scottsdale Road corridor. The venture will focus on the retail core of the project, which makes up 55 of the 120 acres, with the rest for homes, hotels and offices. The project has approval for as much as 1.8 million square feet of commercial space, which "will allow for a significant amount of luxury retail opportunities," Williams said.
Robert Mayhew, vice president of DMB Commercial, said, "City North has done a good job of procuring department stores. We haven't been pursuing mass retail. We're looking at a narrow segment. We haven't tried to be the million- or 2 million-square-foot mall. We've been focused on luxury retail with 25 percent of our gross leasable space coming from restaurants. There's been a proliferation of retail in the market, and that's why we've concentrated on luxury."
Scott Nelson, vice president of development at Macerich, said Palisene's retail lineup will compliment One Scottsdale. "There's an opportunity for both [projects] to be successful," he added. "We might go after global names at One Scottsdale and local retailers at Palisene. The goal is for [those projects] to become the luxury address for North Scottsdale Road."Macerich, which owns Scottsdale Fashion Square and Biltmore Fashion Park in Phoenix, believes it has a pool of luxury tenants eager to expand in the market.
"We're bringing Michael Kors, Jimmy Choo and Carolina Herrera to Arizona," Williams said.
The plans for One Scottsdale and Palisene remain flexible. "One Scottsdale could get a little bit larger," Nelson said. "We have the potential to have department stores or anchor stores, but nothing's been formalized. We'll be talking to those players. We believe that 2010-2011 or 2012 is when our retailers would like to see themselves here."
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)