Scottsdale Fashion Square
One of the entrances to the Scottsdale Fashion Square Mall
|Location||Goldwater Blvd and Camelback Rd|
|Address||7014-590 East Camelback Road
Scottsdale, Arizona 85251
|No. of stores and services||225+|
|No. of anchor tenants||5|
|Total retail floor area||1,858,371 sq ft (172,648.3 m2)|
|No. of floors||3|
|Parking||Outdoor & Garage|
Scottsdale Fashion Square is an upscale, super-regional luxury shopping mall located in Scottsdale, Arizona. It is the largest shopping mall in Arizona and the American Southwest, with approximately 2 million square feet (180,000 m²) of retail space, and is among the top 30 largest malls in the country. It is one of the top 10 most profitable malls in the country with over $740 sales per square foot, more than $400 over the national average. The mall is located on the northwest corner of Scottsdale Road and Camelback Road in Scottsdale, Arizona, and has been owned by Westcor, a subsidiary of Macerich, since 2002.
Scottsdale Fashion Square was originally built as a 3-story open-air structure in 1961 anchored by two local Phoenix stores, department store Goldwater's and supermarket AJ Bayless. At the time, the primary competitor was the Los Arcos Mall, a fully enclosed mall built in 1969, also located in Scottsdale. Its early financial success led to an expansion of the west-side of the mall in 1974, which nearly doubled the square-footage of the mall. This expansion also added an additional department store, Diamond's, to the northern section of the mall.
In 1977, a competing mall, the fully enclosed Camelview Plaza, was built just west of Scottsdale Fashion Square, on the other side of North 70th Street. Camelview Plaza boasted Los Angeles department store Bullock's and Houston's Sakowitz. The shopping center also included a Harkins Camelview Theatre on an outparcel.
For several years, the two malls competed for shoppers and tenants. However, in 1982 after Westcor's purchase of the mall, the owners agreed to connect the malls by building a two-story retail bridge across North 70th Street, replacing the shuttle service that ran between the two malls. In the process, the street separating the two malls was sunk below grade-level, widened to four lanes, and renamed North Goldwater Boulevard. The two malls were largely gutted and completely renovated. Dillard's took over the former AJ Bayless and Diamond's spaces to create a new department store, while Goldwater's was expanded to 235,000 square feet (21,800 m2). A ground-level food court, anchored by a 7-screen Harkins Theatres cinema, was also added. The redevelopment was completed in 1991, closely followed by the addition of Neiman Marcus in 1992.
Goldwater's became J. W. Robinson's in 1989, only to be converted into Robinsons-May in 1993. Bullock's closed its doors at Camelview Plaza in 1995, and remained vacant for several years. In 1996, Westcor purchased Camelview Plaza and renamed the entire 1,800,000-square-foot (170,000 m2) shopping plaza, Scottsdale Fashion Square. The new ownership brought major changes to the mall, the largest being the addition of a new wing anchored by Arizona's first Nordstrom store and featuring many upscale retailers. At that time, Dillard's took over the former Bullock's store and expanded it to 365,000 square feet (33,900 m2), making the Scottsdale store the largest in the company's fleet. This expansion increased the mall's square footage to 2,000,000 sq ft (190,000 m2) and made it the 13th largest enclosed shopping mall in the country.
The merger between Federated Department Stores and May Department Stores brought the closure Robinsons-May in June 2006, leading the mall to demolish the former department store and build another new wing anchored by Barneys New York. The new wing, which also featured an H&M store, opened in 2009. That same year, the first Microsoft store opened elsewhere in the mall.
Another expansion was added in 2015: a two-level building with Dick's Sporting Goods on the lower level and a new 14-screen Harkins Theatres cinema on the top level. In early 2016, Barneys New York announced it would close its Scottsdale Fashion Square store.
Municipal Bond Controversy
A parking garage adjacent to the Scottsdale Fashion Square Mall (aka the "Nordstrom Garage") was constructed by Scottsdale Fashion Square Partners and leased to the City of Scottsdale in 1998 for 50 years for $31,375,000. In 2012 Scottsdale Mayor Jim Lane and the city council approved a prepayment of the lease, financed by issuance of municipal bonds. However, in 2015 the IRS notified the city that the issuance is being challenged for non-compliance with the federal tax code or rules. One possible basis for such challenges is failure of the "public purpose test".
- Dick's Sporting Goods - (50,646 sq ft (4,705.2 m2))
- Dillard's - (365,000 sq ft (33,900 m2))
- Harkins Theatres - (81,177 sq ft (7,541.6 m2))
- Macy's - (236,000 sq ft (21,900 m2))
- Neiman Marcus - (118,000 sq ft (11,000 m2))
- Nordstrom - (235,000 sq ft (21,800 m2))
- AJ Bayless - replaced by Macy's
- Barneys New York - (65,000 sq ft (6,000 m2))
- Diamond's - replaced by Macy's
- Goldwaters - converted to several different nameplates including Robinsons-May before being demolished and replaced by Barneys New York
- Sakowitz - replaced by Neiman Marcus
- Bullock's - converted to Dillard's
- Scottsdale Fashion Square | Leasing Opportunities
- Macerich - Investor Relations - Press Releases
- Mall Hall Of Fame: October 2007
- "City Council Report, Scottsdale Fashion Square LLC Settlement". www.ScottsdaleAZ.gov. City of Scottsdale. Retrieved 16 August 2015.
- Hume, Lynn. "IRS: Some of Scottsdale, Ariz. MPC's 2013 refunding bonds taxable". http://www.bondbuyer.com. Source Media. Retrieved 16 August 2015. External link in
- "Introduction to federal taxation of municipal bonds" (PDF). http://www.irs.gov. Internal Revenue Service. Retrieved 16 August 2015. External link in