Nordstrom confirmed for St. Johns Town Center

[Riverrat]

E-mail from Town Center to store managers at Town Center received at 9am today:

To:                Retail, Restaurant Managers and Outparcels

From:                 St. Johns Town Center Management

Subject:         Nordstrom Announcement


This morning, Simon Property Group and Ben Carter Properties announced that Nordstrom will be joining the St. Johns Town Center family.  The new addition will serve as the anchor of a new wing to be located in the Luxury Collection at St. Johns Town Center, between Brooks Brothers and Louis Vuitton.  The new wing will open in fall 2014.

The Nordstrom wing will also include additional retail space for specialty shops.  The parking lot that will be removed as a result of the new build will be replaced in what is currently grassy area behind Ethan Allen and soon-to-open Ovinte (formerly known as the Original Pancake House).

We are excited to bring Nordstrom to St. Johns Town Center and the Jacksonville market!  This news is now public and feel free to share with your corporate offices.

Thank you,
Paige

PAIGE PIPER
Marketing Assistant
ST. JOHNS TOWN CENTER, Simon Property Group, Inc.

[fsujax]

well there you go! way better than a macy's.

[ben says]

Nice!

[thelakelander]

Nice coup for SJTC.

[Captain Zissou]

There is A LOT of grass behind Ethan Allen and it is adjacent to another huge lot.  All of these lots are between town center parkway and the stores themselves, which is making the SJTC less walkable by the day.  I was hoping this article would be announcing the new parking garage that is in the site plan for between Barnes & Noble and Dillards.  With a development this large, parking garages will pay for themselves by creating more leasable space in a smaller area.

[tufsu1]

yay shoes!

[fsujax]

nothing on the TU's site. the business journal did post it on their facebook page.

[rvrsdediva]

YAY!

[jcjohnpaint]

Very nice.  I think the garage will come once the land gets more scarce. 

[Captain Zissou]

Very nice.  I think the garage will come once the land gets more scarce. 

So in 2025 if the town center lasts that long?

[thelakelander]

press release:

SEATTLE, Sept. 4, 2012 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) today announced plans to open a Nordstrom full-line store at St. Johns Town Center in Jacksonville, Fla. The 124,000 square-foot store will be two levels and is expected to open in fall 2014. St. Johns Town Center was co-developed and is co-owned by Simon Property Group (NYSE: SPG) and Ben Carter Properties.

The company believes opening a Jacksonville store at the centrally-located St. Johns Town Center will put it in an ideal position to serve customers throughout the Northeast Florida region.

"We've had our eye on Jacksonville for a long time, so it's gratifying for us to now have this opportunity to open our doors at St. Johns Town Center," said Erik Nordstrom, president of stores for Nordstrom, Inc. "We're fortunate to have loyal customers in Jacksonville and excited to be able to serve them better with a store at the First Coast's top shopping destination."

Nordstrom will anchor a new wing on the southwest side of the 1.1 million square-foot, open air center. St. Johns Town Center is conveniently located off of J. Turner Butler Boulevard and I-295 with easy access from the Beaches, St. Johns River and Intracoastal Waterway areas. With 10 million visitors each year, the center is the area's premier shopping destination and features many stores that customers won't find anywhere else in Jacksonville.

"We're excited to have Nordstrom join the terrific collection of retailers and restaurants operating at St. Johns Town Center," said Richard S. Sokolov, President and Chief Operating Officer of Simon. "It will further broaden the appeal and market for this great property. We're also pleased to further expand our strong relationship with Nordstrom. This will be the 28th Nordstrom store in our regional mall portfolio."

Ben Carter Properties executives Ben Carter and Paisley Boney said, "When we first started work on St. Johns Town Center in 2003 we were hoping we could attract Nordstrom to the project and the City of Jacksonville. We are delighted they are joining the project and are excited about their impact and enhancement of fashion retail for the customers of St. Johns Town Center."

About Simon Property Group

Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and the largest real estate company in the world.  The Company currently owns or has an interest in 333 retail real estate properties in North America and Asia comprising 242 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S.  For more information, visit the Simon Property Group website at www.simon.com.

About Ben Carter Enterprises

Ben Carter Properties, LLC (now known as Ben Carter Enterprises) has developed more than $1.1 billion, and nearly five million square feet, in retail and office projects since its inception in 1993.

About Nordstrom

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 231 stores in 31 states, including 117 full-line stores, 110 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.

SOURCE Nordstrom, Inc.

[JUGrad]

There is A LOT of grass behind Ethan Allen and it is adjacent to another huge lot.  All of these lots are between town center parkway and the stores themselves, which is making the SJTC less walkable by the day.  I was hoping this article would be announcing the new parking garage that is in the site plan for between Barnes & Noble and Dillards.  With a development this large, parking garages will pay for themselves by creating more leasable space in a smaller area.

I'm hoping this will be the catalyst for parking garages too; i do remember seeing a site plan a couple of years ago for the Town Center that included a parking structure.  I don't recall if it was between B&N and Dillards or if it was on the other side between Dillards and West Elm.  Here's to hoping!!

[fsquid]

I could walk to the one in Charlotte from my house, but never ventured there.  All for it as they don't discount and will add to the tax base.

[thelakelander]

It's the dashed department store space to the right (south) of Dillards in this old phase II graphic.

[copperfiend]

Very nice.  I think the garage will come once the land gets more scarce. 

So in 2025 if the town center lasts that long?

If it lasts that long? I don't get it...