Taubman Centers temporarily closing all but two of its properties
Taubman Centers is going dark in response to COVID-19 with the exception of two outdoor centers.
The real estate investment trust said its malls will close at the end of business on March 19 and will remain shuttered through March 29, or later if required by state or local government. Tenants at the company’s open-air, street-front retail centers – Country Club Plaza (Kansas City, Mo.) and International Market Place (Waikiki, Hawaii) – may continue to operate. The announcement comes on the heels of Simon’s decision to close all of its retail properties in the U.S. until March 29.
Taubman said that in some markets, restaurants or other tenants with exterior public entrances at enclosed malls may stay open at their discretion and as and to the extent permitted by law. Businesses with entrances inside of the mall will be closed.
“After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” said the company’s chairman, president, and CEO Robert S. Taubman. “We are clearly in unprecedented times and this is the right decision for our shoppers, retailers, employees and these communities.”
In China, Taubman said the two malls it operates, which were temporarily closed due to the virus, were reopened in late February. The mall it operates in South Korea never closed.
Following is the list of the Taubman malls that will temporarily close:
Beverly Center (Los Angeles)
Sunvalley Shopping Center (Concord)
The Gardens on El Paseo (Palm Desert)
Cherry Creek Shopping Center (Denver)
Stamford Town Center (Stamford)
Westfarms Mall (West Hartford)
Dolphin Mall (Miami)
International Plaza (Tampa)
The Mall at University Town Center (Sarasota)
Great Lakes Crossing Outlets (Auburn Hills)
Twelve Oaks Mall (Novi)
The Mall at Short Hills (Short Hills)
The Mall of San Juan (San Juan)
The Mall at Green Hills (Nashville)
City Creek Center (Salk Lake City)
Fair Oaks Mall (Fairfax)
In addition, Taubman and The Forbes Company together own the following Florida centers that temporarily closed starting March 19, and will remain closed until at least March 29: Waterside Shops (Naples), The Mall at Millenia (Orlando) and The Gardens Mall (Palm Beach Gardens). Some full-service restaurants may remain open for takeout. These centers are managed by The Forbes Company.