December 7, 2016
Macerich announced its intent to renovate its 2-million-square-foot Scottsdale Fashion Square at 7014 E. Camelback in Scottsdale, AZ. The Santa Monica, CA-based Macerich’s multi-phased plans will focus on renovation of the center’s luxury wing, as well as adding a mixed-use component that will include residences, office space and a new hotel.
The first phase will focus on updating the wing anchored by Neiman Marcus, with construction beginning next year and planned completion set for 2018. Additionally, Louis Vuitton has signed a long-term lease at the center, with plans for a major store renovation in 2017.
Macerich is planning the mixed-use elements on seven acres immediately north of the mall, similar to what it has done at other properties. No groundbreaking date on the mixed-use component has been announced.
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