Mall happenings

By gedward on July 20, 2006 11:48 PM | Permalink | Comments (0)

Retail growth continues its torrid pace within Inland Southern California as both an existing mall and one currently under construction added to their ever-expanding tenant list.

The Galleria at Tyler, located at the 91 Freeway and Tyler Street in Riverside, has begun work on the first of two "lifestyle" components flanking the north and south ends of the 1.1 million square-foot mall. The "North Village," adjacent to the current Macy's (formerly The Broadway), will include outdoor plaza-style retail/restaurants topped by a 12-screen AMC theatre complex. Leases signed thus far include Elephant Bar restaurant and Orange County-based Robbins Bros. jewelers.

2006
Nordstrom - Galleria at Tyler

2006
Galleria at Tyler
near "North Village" project area

Promenade Shops at Dos Lagos
Poag & McEwen

The "South Village," on the freeway side of the mall directly in front of the former Robinson's-May (and soon-to-be Macy's), will essentially become the new southern entrance for the mall. This second expansion will include a free-standing PF Chang's (already underway) among other shops and restaurants, including an expected Yard House upscale brewery/restaurant:

Yard House will open new locations in Glendale, Arizona, October 2006; Waikiki, Hawaii December 2006; Las Vegas, Nevada May 2007; and Riverside, California June 2007.
yardhouse.com

Both projects, including a parking garage expansion, are expected to be completed in Fall 2007.

Major tenants already established at the two-level, 170-shop Galleria include JCPennys, Macy's, Nordstrom, Barnes & Noble, Disney Store, Abercrombie & Fitch, Ann Taylor Loft, Guess, Anthropologie, Hollister, MetroPark, Victoria's Secret, Carlton Hair Int'l, Gymboree, Hot Topic, PacSun, Jimmy'Z, LoveSac, Sharper Image, and Thomas Kinkade Gallery. A fourth anchor spot is currently open following the Macy's/Robinson's-May merger.

Down the road in Corona, construction continues on that city's first major shopping plaza and is on track for an October 2006 grand opening. Located at the junction of I-15 and Weirick Road in southern Corona, The Promenade Shops at Dos Lagos will be a 360,000 square-foot, outdoor lifestyle center within a pedestrian-oriented plaza overlooking twin lakes.

Developed by Memphis-based Poag & McEwen, the "Craftsman-styled" center is already 88-percent leased, including Banana Republic, Coach, Coldwater Creek, Z Gallerie, Ann Taylor Loft, Anthropologie, Victoria's Secret, Eddie Bauer, White House Black Market and Wood Ranch BBQ & Grill. As of yet, there are no major anchor tenants, though this may change with future phases as the center expands to an expected 575,000 sq. ft.

The Promenade Shops are part of the 543-acre, master-planned Dos Lagos development, which includes residential, retail, offices, an 18-hole championship golf course and 135 acres of open space.

The Riverside and Corona developments come on the heels of the highly successful, October 2004 opening of the upscale Victoria Gardens in Rancho Cucamonga and during a time when Inland Southern California continues to post impressive growth in many demographic categories. Between 2000 and 2004, the region's population grew 18% (3.25M to 3.82M), total personal income rose 71% ($25B to $43B) and taxable retail sales increased 40% ($75B to $104B), easily outpacing the rest of Southern California. (Source: LAEDC, Feb. 2006).

Needless to say, the numbers haven't slowed much since 2004 as the region continues to march toward the 4 million mark in population. Now, if only we could get that elusive professional sports team and much-needed local TV station...

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