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Macerich's Santa Monica Place Wins "Best-of-the-Best" Global Shopping Center Award

Stocks in this article: MAC

SANTA MONICA, Calif., May 19, 2013 /PRNewswire/ -- Macerich (NYSE:MAC) announced today that its Santa Monica Place won the 2013 Best-of-the-Best VIVA Global Design and Development Award at this year's VIVA Awards presented by the International Council of Shopping Centers. The annual VIVA "Best-of-the-Best" Awards honors and recognizes the most outstanding examples of shopping center design and development, marketing sustainability and community service worldwide. ICSC is the premier global trade association of the shopping center industry with more than 60,000 members in 90+ countries.

"We purchased Santa Monica Place in 1999 recognizing it had to be repositioned and reinvented to better tie into the adjacent Third Street Promenade, an open-air shopping and dining district," said Art Coppola, Chairman and CEO of Macerich. "Our vision was to completely transform the property from a traditional mall into a new world-class outdoor destination that would attract the world's top retailers. That's exactly what we have accomplished."

The completely re-imagined property re-opened in August 2010, anchored by Nordstrom, Bloomingdale's, and a wide variety of specialty stores including CB2 and Nike plus a top roster of luxury brands, including Tiffany & Co., Louis Vuitton, Tory Burch, Michael Kors, Barneys CO-OP, Emporio Armani, Burberry and more. The center recently announced The Art of Shaving, Camper, kate spade new york, and LeSportsac would be opening this summer. In an engaging first for an open-air retail property, the entire third-level of Santa Monica Place is dedicated to food experiences.

"From the overwhelming reception at its opening weekend to the sustained performance of this exceptional shopping center, Santa Monica Place has met everyone's expectations for creating value -- for us, for retailers and for the community," said Randy Brant, Executive Vice President, Real Estate, for Macerich. "It is gratifying to have fostered a project that succeeds at so many levels."

For Santa Monica Place, the VIVA "Best-of-the-Best" Award joins a prestigious roster of design, development and sustainability awards for the project, including:

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