Macerich, one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, detailed progress for its current redevelopment of the south wing at Scottsdale Fashion Square, including more experiential dining and more retail space dedicated exclusively to men.
During Macerich’s Q2 2023 earnings call with analysts, Macerich Senior Executive Vice President of Leasing Doug Healey discussed exciting updates in the food and beverage category at Scottsdale Fashion Square, announcing that noted seafood restaurant Catch will open its only Arizona location flanking one side of the Nordstrom wing’s new, high-profile porte cochere entrance – providing direct access to more luxury – while Élephante will flank the other side. Catch is an Asian-inspired, globally influenced menu offering great food and great service in a lively atmosphere, with seven units open to date in Las Vegas, New York, Los Angeles and Aspen.
“In addition to the wealth of outstanding dining we continue to bring to Scottsdale Fashion Square, now including Catch, a major story emerging from our consistent reinvestment in this one-of-a-kind property in Arizona is the success and growth of men’s luxury,” said Healey. “Beyond dedicated standalone luxury stores for men from Gucci and Louis Vuitton, both now open and doing very well, we continue to see top global luxury flagships here dedicating more store space to the men’s market. This includes DIOR, which features men’s lounge seating and other elevated experiences just for men, plus Salvatore Ferragamo, Christian Louboutin and others. It’s a remarkable phenomenon and Scottsdale Fashion Square is at the forefront of this key trend.”
In all, Macerich properties saw an 8% sales increase year over year in men’s apparel (clothing and shoes), and the top 10 Macerich centers by sales per square foot, which includes Scottsdale Fashion Square, saw a 13% year-over-year increase in this growing category.*
And it’s not just men’s luxury: The redevelopment at Scottsdale Fashion Square encapsulates a wide variety of retail options for all occasions. Coming soon are full details on a first-of-its kind flagship in the south wing from premier, aspirational lifestyle brand TravisMathew.
