In the 1980s, Rouse’s Harborplace development in Baltimore was a model “festival marketplace” copied by declining downtowns across the country. This year, however, its mall will be closing.
Macerich, one of the top 20 owners of retail real estate in the U.S., has sold La Encatada, a high-end specialty center in Tucson for $165 million, generating $100 million in liquidity.
The Avenue, American Dream’s long-awaited, art-bedecked luxury wing opened September 17 with the world’s largest Hermés store and New Jersey’s only Saks Fifth Avenue among its tenants.
Burlington Stores has signed at Maple Hill Pavilion in Kalamazoo, Mich., and plans to open there this fall. It’s Burlington’s second story in that metro, the other being located in Portage, Mich.
