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Article: Queens Center Expansion Area Now 73%-Leased, As Work on New Wing and Redevelopment of Existing Mall Proceeds to Phased Opening in 2004; - Cache, Coach, Guess?, Timberland Among the Upscale Brands Being Added to Mix -.
- Article from:
- PR Newswire
- Article date:
- April 14, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Macerich Company today announced that it has executed leases for approximately 73% of retail space in the new expansion area now under construction at Queens Center in New York City.
Scheduled to open in phases during 2004, the expansion and redevelopment will increase gross leasable area in one of the nation's top-performing malls to nearly 1 million square feet from the current 620,000 square feet. Comparable sales for Queens Center specialty stores (less than 10,000 square feet) averaged $953 per square foot during 2002.
Merchants that have signed new leases to date include such companies as American Eagle, Applebee's, Ashley Stewart, The Body ...