Open-Air Centers: Project Profiles

CROSSROADS

Location: Irvine, Calif., at the intersection of Culver Drive and Barranca Parkway. Average daily traffic is 43,000 vehicles.

Size: 334,000-sq.-ft. community center

Developer: Irvine Co. Retail Properties

Key tenants: Target and LA Fitness anchor the center. Fast casual restaurants include Urban Plates, The Veggie Grill, California Fish Grill, Chipotle Mexican Grill, Peet’s Coffee and Tea, Panera Bread, Creamistry, Stonefire Grill and others. Capital Noodle Bar and Barefoot Bowls plan to open this spring. Apparel, service, and health and beauty tenants include FedEx Office, UPS Store, Aaron Brothers, Men’s Wearhouse, Payless Shoe Source, Massage Luxe, Carlton Hair and others.

Status: Open and operating

Located at a major intersection in the city of Irvine, Calif., Crossroads attracts a blend of affluent suburban families and young couples as well as executives and professionals who work within close proximity. The well-established open-air center has consistently drawn shoppers to its major tenants and broad mix of elevated service and beauty offerings.

 

WAIKIKI BEACH WALK

Location: Honolulu, bordered by Kalakaua Avenue, Lewers Street, Kalia Road, Beach Walk and Saratoga Road

Size: 96,569 sq. ft. of specialty retail in two buildings with an Embassy Suites Hotel

Developer: Developed in 2007 by Hawaii’s Outrigger Enterprises Group in partnership with American Assets Trust, which is currently the sole owner

Key tenants: Yard House, Ruth’s Chris Steak House, Roy’s Waikiki, Quiksilver, Blue Ginger, and an array of regional and local Hawaiian gift, gallery and clothing boutiques

Status: Opened in May 2007

To date, the largest mixed-use development in Waikiki’s history, Waikiki Beach Walk has become the gathering place of modern Waikiki for visitors and residents to shop, dine, play and stay. Spanning nearly eight acres in the heart of Waikiki, this exciting entertainment district includes a vibrant showcase of more than 40 world-class retailers in an open-air, two-level center, an array of delicious restaurants and casual eateries, an outdoor entertainment plaza featuring live performances regularly and five hotels. Waikiki Beach Walk is the consummate expression of Hawaii today — it is a place where people come to be enriched by warm hospitality, a colorful mix of cultures, and treasures from the land and sea. Waikiki has long been the No. 1 visitor destination in the Hawaiian Islands for both domestic and international visitors.

 

ARBOR HILLS

Location: Ann Arbor, Mich.

Size: 85,000 sq. ft.

Developer: A joint venture among Glimcher Realty Trust, The North Shore Property Group and Campus Realty owns the property.

Key tenants: Anthropologie,

Brooks Brothers Flatiron Shop,

lululemon athletica, Madewell,

The North Face, Sur La Table

Status: Opened in August 2013

Arbor Hills is an 85,000-sq.-ft. shopping destination serving Ann Arbor, Mich. Opened in August 2013, the upscale, open-air center combines award-winning architecture and street appeal with sought-after retailers. The exclusive retail and fresh new local restaurant concepts are establishing Arbor Hills as the region’s hottest new place to shop, eat and play.

 

FASHION ISLAND

Location: Newport Beach, Calif., overlooking the Pacific Ocean

Size: 1.3 million-sq.-ft. super

regional center

Developer: Irvine Co. Retail Properties

Key tenants: Neiman Marcus, Nordstrom, Bloomingdale’s, Bloomingdale’s Home Store, Macy’s and Whole Foods Market anchor the center. Orange County and West Coast firsts help complete the retail story: C. Wonder, Tommy Bahama Home, Joie Ella Moss, PINK, Kitson, Athleta, Roberto Coin and Apple. Dining selections feature the newly opened Red O, Fig & Olive, Lark Creek and Lemonade joining an existing lineup that includes Fleming’s Prime Steakhouse & Wine Bar, Canaletto Ristorante Veneto, True Food Kitchen, R&D Kitchen and Yard House among many other popular sit-down and casual food concepts.

Status: Open and operating

Fashion Island offers a one-of-a-kind Orange County destination featuring an affluent trade area and an exceptional dining and shopping experience. A favorite of both domestic and international tourists, the center delivers a resort environment and a fashion-forward tenant mix with the latest in chef-driven restaurants.

The addition of a 32,000-sq.-ft. Whole Foods Market in the fall of 2012 marked a milestone in a $100 million redevelopment of Irvine Co.’s iconic flagship property. An aggressive remerchandising added some 40 new tenants.