Legacy West, a 415,000-square-foot mixed use center in Plano, Tex. opening June 2, is an example of the new breed of shopping center, with its compact design, heavy emphasis on e-commerce brands, concept stores from established retailers, strong food lineup, and office, residential and a hotel on the property to ensure a captive audience.While other mall projects have been scrapped or stalled as the retail industry adjusts to store closures and decreasing foot traffic, Legacy West has defied that script. "Dallas is one of the fastest-growing cities in the U.S.," said its developer Fehmi Karahan. "It's a tax-friendly environment, so our economy is booming. Plano is the fastest-growing city north of Dallas."West Elm has opened. Johnny Was, Coach, Bonobos and Fabletics are opening this month. Tesla, Warby Parker, Tumi, Filson, Frontgate, Peter Millar and Suit Supply are bowing in early summer. Tommy Bahama's Island store and restaurant, Levi's, MAC Cosmetics, J. Crew, Madewell and Sephora are expected to bow in October. There will also be a 9,000-square-foot Barnes & Noble concept store serving wine and beer. Several stores have been set aside for luxury retailers and jewelry brands that are seen opening in spring 2018."We're hoping for big numbers," Karahan said. Projected sales of $1,000 per square foot have been forecasted. "There's a lot of things happening here."Legacy West is rising from the ashes of a 240-acre former J.C. Penney site. Karahan, who built an earlier mixed-use development, The Shops at Legacy, across the highway, said he watched Dallas' population migrate north for several years and kept a close eye on the Penney's property. The retailer showed no interest in selling, that is, until its fortunes turned in 2014. After Penney's opened up the bidding for the site, Karahan teamed with developer Robert Shaw and office specialist KDC, to win the property."Macy's, Sears and J.C. Penney are struggling," Karahan said. "Neiman Marcus is struggling with huge debt. It's tough out there. Certainly, if Neiman's were to choose our location, we'd consider it. But now, the idea is not to have a big department store anchoring a mall. Our restaurants and food hall are our anchors. An anchor is whatever generates the most traffic."A lot of retailers came to North Texas and opened stores at North Park, which is one of the most successful malls in Texas. But, some of them have begun looking further north," Karahan added. "As a retail developer, I pay a lot of attention to who is going to survive the online onslaught. You have to create a great destination and blend a lot of uses. People shop online, but they also want to go out to eat."Food accounts for 28 percent of Legacy West's gross leasable space. A a 55,000-square-foot, three-level food hall will open at Legacy Hall in October, operated by Dallas-based Front Burner Restaurant Group, which is recruiting chefs for individual stalls. The center will boast the first Dean & Deluca in the state, Del Frisco's Double Eagle Steak House, True Food Kitchen, Shake Shack, Mesero and Earls Kitchen & Bar."We'll have 10,000 to 12,000 people daily having lunch here," said Karahan, adding that Toyota North America, Liberty Mutual, FedEx Office and J.P. Morgan Chase have opened corporate headquarters in close proximity to Legacy West, that together will bring more than 20,000 new employees and an additional $3 billion in annual payroll to the area.According to Karahan the trading area's demographics include a population of 266,000, with 66,000 earning more than $100,000 annually; 115,000 residents who hold white-collar jobs, and 110,000 with college or advanced degrees."Dallas doesn't have natural beauty. We're giving people an environment with fountains, landscaping, music, delicious food and buildings that look like Fifth Avenue where every store is different," Karahan said. "We're tempting all of their senses."
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion