Galleria bags luxury designer as part of its 100-store expansion
Sacramento Business Journal - by Kelly Johnson Staff writer
Luxury fashion house Louis Vuitton is one of 13 new-to-Greater Sacramento retailers set to open starting next week in the first phase of a 100-store expansion of the Westfield Galleria at Roseville.
The mall has lined up some big-name and top-quality retailers — primarily national chains — to fill the space, from designer brands to sellers of inexpensive goods and food. International fashion chain H&M, handmade cosmetics retailer Lush, shoe store Journey Kidz and children’s clothing chain Pumpkin Patch are among the 48 new or relocated stores, mall representatives said this week.
“Wow” was independent retail broker Scott Reynolds’ reaction to hearing that the mall had snagged Louis Vuitton, which has stores in the largest cities across the globe.
“I’m impressed with their interest in Sacramento.”
In this first phase, the Galleria is adding 36 new tenants, including both stores and eateries, to the mall, and 12 others are returning in different spaces.
Macy’s and JCPenney already have added 40,000 square feet each.
The mall’s expansion “means that Roseville’s place as a regional destination continues,” and perhaps will grow, said Julia Burrows, deputy city manager and economic development director. Louis Vuitton and other retailers not now in the market, she added, will further differentiate Roseville and might lead more customers to go out of their way to visit the mall.
The new tenants are taking anywhere from H&M’s 23,050 square feet to 600-square-foot spots on a new dining terrace, which has 850 seats, 54 percent more capacity than the old food court, executives said.
The Galleria is investing $260 million in its 400,000-square-foot expansion to reach 1.5 million square feet, largest in the area.
More retail space equates to additional sales and tax revenue. Over its eight years of operation, the mall has generated more than $25 million in sales-tax revenue.
When they unveil the first phase of the expansion next week, Galleria officials will name many of the tenants lined up for the second phase, to open starting in February. That second phase is about 95 percent leased, said Gavin Farnam, mall general manager.
“We’re beyond pleased” with the leasing results, said Stephanie Ringey, marketing director.
That success came despite an economic slump that has drastically curtailed retail leasing and consumer spending nationally. The mall has been able to bag these retailers in part through Westfield Corp.’s established relationships, affluent demographics in south Placer County, and a lineup of stores that other retailers want to be near, even if they have to set up shop in slow times to position themselves for better days ahead.
The mall has maintained a 99 percent occupancy since opening, resulting in pent-up demand from retailers.
Some retailers may be using the Galleria as an entry into the market before considering a second local spot in Folsom at the planned Palladio at Broadstone lifestyle center, Reynolds said.
New-to-market tenants coming to Galleria
• Louis Vuitton luxury goods• H&M fashions
• Lush cosmetics
• Journey Kidz shoe store
• Pumpkin Patch children’s clothing
• Beachworks summer apparel shop for men and women
• Love Culture clothing store
• No Fear action sports clothing and gear for adults and children
• Popcornopolis, a seller of popcorn gifts
• Red Mango frozen yogurt
• Melt Gelato & Crepe Café
• Anthony’s NY Deli
• Sultan’s Fresh Mediterranean
kjohnson@bizjournals.com | 916-558-7860
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