Framingham/Natick Retail NewsCenter
Neiman Marcus To Open At Natick Mall
Neiman Marcus To Open At Natick Mall
Date of Publication:
July 1st, 2004
Development: Natick Collection 2007 Expansion
Web Site Link: http://www.generalgrowth.com/company/PressRelease.asp?id=237
Chicago, Illinois, July 1, 2004 – General Growth Properties, Inc.
(NYSE: GGP), owner and manager of Natick Mall (Natick, MA—Boston),
announced today it has signed Dallas-based fashion specialty retailer
Neiman Marcus as an anchor to the mall’s 550,000 square foot expansion.
Neiman Marcus will join Nordstrom in the expansion.
“The partnership between Natick Mall and Neiman Marcus is ideal—we’re
both committed to offering top-of-the-line merchandise and superior
customer service,” said Bob Michaels, president of General Growth
Properties. “Retailers such as Neiman Marcus and Nordstrom will
solidify Natick Mall as the premier shopping destination in the Greater
Boston area. We’re devoted to providing a total shopping experience for
our customers through unique retail concepts, popular restaurants, and
The Neiman Marcus Natick store will be a two-level, 100,000 square foot
building, scheduled to open in spring 2007.
“The Boston market has been a very successful one for Neiman Marcus,
such that we have been seeking out a viable second store location for a
number of years,” said Wayne Hussey, senior vice president of
properties for Neiman Marcus. “We are very pleased to be partnering
with General Growth and joining a very strong retail lineup at Natick
Mall. A Neiman Marcus store in Natick Mall will clearly provide our
customers with an exciting shopping alternative in the Boston area.”
ABOUT NEIMAN MARCUS The Neiman Marcus Group, Inc. (NYSE: NMG.A, NMG.B),
includes the Specialty Retail Stores segment and the Direct Marketing
segment. The Specialty Retail Stores segment consists primarily of
Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment
conducts both print catalog and online operations under the Neiman
Marcus, Horchow and Chef’s Catalog brand names. Information about the
Company can be accessed at www.neimanmarcusgroup.com.
ABOUT NATICK MALL This 1.2 million square foot shopping destination is
located within the western suburbs of Boston and is easily accessible
from Routes 9 and 30 and the Massachusetts Turnpike. Its sales exceed
twice the national average, serving 17 million shoppers a year. The
introduction of luxury/higher-end merchandise with the addition of
Neiman Marcus and Nordstrom will better serve customers looking for
specific products or stores that are only available to them by driving
longer distances. Also planned as part of the 550,000 square foot
addition is the inclusion of specialty shops and boutiques and five
nationally recognized signature restaurants. To enhance the expansion,
two luxury condominium towers are also proposed as part of the project.
The Natick Mall expansion is currently undergoing local Planning Board
review in Natick and is expected to begin groundbreaking on the former
Wonder Bread bakery site (adjacent to the current Natick Mall) this
summer. The opening of the completed new addition is expected in the
spring of 2007.
Natick Mall is owned and managed by General Growth Properties, Inc.,
the country’s second largest shopping center owner, developer and
manager. General Growth Properties currently has ownership interests
in, or management responsibility for, a portfolio of 177 regional
shopping malls in 41 states. The company portfolio totals more than 153
million square feet of retail space and includes over 16,000 retailers.
A publicly traded Real Estate Investment Trust (REIT), General Growth
Properties is listed on the New York Stock Exchange under the symbol
GGP. For more information on General Growth Properties and its
portfolio of malls, please visit the company Web site at www.generalgrowth.com.
© 2003-2004 by General
Properties, Inc. All Rights Reserved.
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