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First New Regional Mall in Six Years Opens in Salt Lake City

citycreek-300The retail real estate rebound has become official, with Taubman Centers Inc. opening the first new regional mall in the U.S. in six years. The City Creek Center in Utah received rave reviews from its first shoppers. You can see a video and a photo gallery of the completed center and read comments from visitors at The Salt Lake Tribune website.

A unique project in many respects, City Creek Center is a product of a partnership between Taubman Centers and The Church of Jesus Christ of Latter-Day Saints. It's part of a redevelopment of two older properties--the ZCMI mall and the Crossroads Plaza Mall--into a 20-acre mixed-use complex also featuring office space, residential units and a hotel component.

According to a description from Taubman Centers:

Designed to showcase Utah's natural beauty, the unique indoor/outdoor space features a retractable roof, a 140-foot skybridge over Main Street, a 1200-foot-long re-creation of the historic City Creek, two 18-foot waterfalls and three fountains from the creators of the famed Bellagio fountains in Las Vegas.

Nordstrom and Macy's anchor City Creek Center's world-class retail offerings. Of the 100 stores and restaurants, one-third are unique to the Salt Lake City market or the state, including Tiffany & Co., Michael Kors, Coach, Tumi and Brooks Brothers/Brooks Brothers Women.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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