Macerich and Simon team up on L.A. luxury outlet center
Two of the biggest names in malls are getting together on a Los Angeles outlet center that they hope will attract “the most affluent” locals and tourists.
Macerich and Simon will partner 50-50 on Los Angeles Premium Outlets in Carson, which lies north of Long Beach and east of Torrance. The location was attractive, said the partners, because of its proximity to both the I-5 corridor and the I-10 freeway.
First to rise on the site will be a 400,000-sq.-ft. center slated to open in fall 2021. A 166,000-sq.-ft. second phase is in the blueprints, though no timing was announced for the planned expansion. Neither were any tenant-signings announced by either company.
In a joint statement, Macerich president Ed Coppola and Simon CEO David Simon called the outlet center a one-of-a-kind project on great real estate in one of the nation’s most attractive markets.
Carson mayor Albert Robles said he was thrilled to have “two of the country’s biggest and best names in retail real estate” favor his town with their joint venture.
“This…will add value to our community for many years to come, attracting locals and tourists from all over the world,” Robles said.
Los Angeles Premium Outlets will do business just a short drive from City of Champions Stadium, future home of the Rams, Chargers, and diverse entertainment options.
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Macerich and Simon will partner 50-50 on Los Angeles Premium Outlets in Carson, which lies north of Long Beach and east of Torrance. The location was attractive, said the partners, because of its proximity to both the I-5 corridor and the I-10 freeway.
First to rise on the site will be a 400,000-sq.-ft. center slated to open in fall 2021. A 166,000-sq.-ft. second phase is in the blueprints, though no timing was announced for the planned expansion. Neither were any tenant-signings announced by either company.
In a joint statement, Macerich president Ed Coppola and Simon CEO David Simon called the outlet center a one-of-a-kind project on great real estate in one of the nation’s most attractive markets.
Carson mayor Albert Robles said he was thrilled to have “two of the country’s biggest and best names in retail real estate” favor his town with their joint venture.
“This…will add value to our community for many years to come, attracting locals and tourists from all over the world,” Robles said.
Los Angeles Premium Outlets will do business just a short drive from City of Champions Stadium, future home of the Rams, Chargers, and diverse entertainment options.
Connect with me on LinkedIn | Follow me on Twitter