RETAIL
Expanded Broadway Plaza Shopping Center Officially Reopens
After years of renovation and expansion, Broadway Plaza in Walnut Creek, Calif., officially reopened with 90 percent of its space leased.
Retail real estate development company Macerich, based in Santa Monica, Calif., reopened the shopping center on Sept. 1.
It is anchored by Nordstrom, Neiman Marcus and an expanded Macy’s, which added 57,000 square feet of space to a redesigned 247,000-square-foot store.
Since the renovation started two years ago, mall shop space has more than doubled and now encompasses 900,000 square feet. Some 50 new stores have been added or will be opening soon. They include Aldo, Athleta, Ecco, Eileen Fisher, Everything But Water, Gap, H&M, J. Crew, J.Jill, Kit & Ace, Lucky Brand Jeans, Lululemon Athletica, Madewell, Michael Kors, True Religion Brand Jeans, Vince Camuto, Victoria’s Secret, White House/Black Market and Zara.
The renovation added new multi-level parking structures, expanded walkways, new seating areas, art installations and a central plaza for events and brand activations.
Key to the project was demolishing and replacing two older, inefficient parking structures and about 80,000 square feet of existing small shop retail space and the 70,000-square-foot former Macy’s Men’s store. This all made room for more general leasing areas and modern store designs.
“At Broadway Plaza, we have expanded this unique street-retail setting to meet extensive retailer demand to be part of our high-performing property while also enhancing the amenities, pedestrian appeal and pleasing scale of this irreplaceable downtown retail asset,” said Randy Brant, Macerich’s executive vice president.
