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Shopping Centers Today -> April 2002
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TAUBMAN STARTS ON STONY POINT
Taubman Centers has broken ground on Stony Point Fashion Park, a nearly 700,000-square-foot, open-air center it plans to open in Richmond, Va., in September 2003.
Two department stores — Saks Fifth Avenue and Dillard’s — plus a third, so-far unnamed, tenant will anchor the center, which will also host 90 other stores and four full-service restaurants.
The center will be split into two retail districts — the Promenade and the Park — and will offer shoppers “a warm, pedestrian-scale shopping and dining experience, with lush landscaping, fountains and parklike seating areas,” according to Steve Kieras, Taubman’s vice president of development. “We are very excited to finally be under way here at Stony Point.”
Bloomfield Hills, Mich.-based Taubman opened four major projects last year in Florida and Texas; when it opens, Stony Point will be the company’s sixth new development in three years. The REIT owns and/or manages 31 urban and suburban regional and super-regional centers in 13 states.
But Stony Point is not the only new project opening in the Richmond area in the near future. In the fall Cleveland-based Forest City Enterprises and Pruitt Associates, Richmond, Va., plan to open Short Pump Town Center, a 1.1 million-square-foot center anchored by Dillard’s, Hecht’s, Lord & Taylor and Nordstrom.
 | Current Issue November 2008 |