South Coast Plaza is a luxury shopping experience, and a global shopping destination,
home to an "unparalleled collection of 250 boutiques and department
stores," including Bulgari, Chanel, and Roger Vivier, among others, in
Costa Mesa, California,
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Historically, department store anchors, with their huge square footage
and wide name recognition, have lured mono-brand stores and smaller
multi-brand retailers to take up rental space alongside them. There's a
particularly synergetic relationship between high-end department stores
and luxury boutiques.
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"Once South Coast Plaza started adding boutiques such as Yves Saint
Laurent, Courrèges, Halston, Hermès, and others, it began its transition
into a luxury shopping center with a broader geographical following,"
says Gunn Downing. "Luxury attracted luxury."
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Taubman Centers is one of the most elite players in the mall industry,
owning 21 luxury shopping centers across the United States, in addition
to three properties in Asia and five more in development both
domestically and abroad. Its Mall at the Millenia in Orlando, Dolphin
Mall in Miami, and International Plaza in Tampa all serve Latin American
tourists.
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The internet isn't killing malls — better malls are. "Shoppers have
concentrated in top-tier malls, where vacancy rates are at all-time lows
and national retailers have invested in their best stores to spruce up
offerings,"
http://www.racked.com/2016/8/2/12290506/american-malls-south-coast-plaza
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