Bloomingdale’s, Nordstrom Opening Stores in CT

Bloomingdale’s and Nordstrom will open stores in the fall of 2018 in a 700,000-square-foot enclosed shopping center being developed by General Growth Properties Inc. in Norwalk, Conn. Both retailers indicated they will create three-level, 150,000 square-foot units. “Our goal is to provide a unique shopping destination that serves as a gathering place for great retail, dining and entertainment,” said Sandeep Mathrani, chief executive officer of GGP, who added that the shopping center would complement existing merchants in South Norwalk and attract new customers. “This is our only brand-new, ground-up development,” said Kevin Berry, GGP’s vice president of investor relations. GGP does have several expansion projects happening, including adding 660,000 square feet to the Ala Moana Center in Honolulu and 200,000 square feet to the Baybrook Mall south of Houston. Asked about competition in the Norwalk area, Berry said, “There is none. It’s a complete hole in the marketplace. The nearest retailing is in Greenwich, seven miles away and there are some small shops in South Norwalk. In terms of shopping malls, there are none in the area.” The nearest would be the Stamford Town Center eight miles away, and after that, the Westfield Trumbull, 13 miles away, Berry said. The Norwalk mall, which has yet

Follow WWD on Twitter or become a fan on Facebook.

Read More...