Nordstrom re-inventing Los Angeles area real estate

SEATTLE — Nordstrom is relocating its full-line store located at South Bay Galleria three miles south to a two-level, 138,000-sq.-ft. location at the Del Amo Fashion Center that will open in 2015.
 
"We feel fortunate that we've been able to serve South Bay for nearly 30 years and are excited about this chance to bring a better store to our loyal customers here," said Erik Nordstrom, president of stores for Nordstrom. "While we're grateful for the business we've been able to do at South Bay Galleria over the years, we feel relocating gives us our best chance to deliver a more compelling shopping experience. We look forward to working with Simon and being part of this terrific redevelopment at Del Amo so that we can continue taking care of our South Bay area customers for many years to come."
 
Nordstrom’s decision to relocate is part of a larger undertaking by Simon Property Group, owner of the iconic super regional mall that serves the upscale South Bay market of greater Los Angeles. Simon Property Group, which currently owns or has an interest in 331 retail real estate properties in North America and Asia, will launch a comprehensive transformational redevelopment of Del Amo Fashion Center, one of the most recognized and successful enclosed shopping malls in the United States. Upgrades are expected to take two years.
 
"Today's announcement by Nordstrom that they will be relocating to Del Amo Fashion Center as a part of our redevelopment is consistent with our objective to create dynamic retail environments for our retailers and customers," said David Contis, president of Simon's Mall Platform. "We expect to expand the trade area of Del Amo Fashion Center and solidify its reputation as one of the nation's most successful malls."
 
The redevelopment will begin in spring 2013 by replacing the existing food court with a transformed garden-inspired dining area and renovating the interior of a portion of the north mall, which will be completed by holiday 2013.
 
Starting in early 2014, the redevelopment will include the demolition of the remaining portion of the original north mall, replacing it with a new state of the art two-level mall to connect the existing Macy's women's store with the new Nordstrom store (to be located near the intersection of Hawthorne Blvd. and Fashion Way).
 
The redevelopment will also include enhancements to the ambience of the outdoor lifestyle village, the addition of a 1,800 car parking garage, planting of lush landscaping, upgraded parking throughout the entire mall property, new identity and informational signage and improvements to facilitate customer circulation in and around the property. Completion of this work will be timed with the grand opening of Nordstrom in 2015.