Fashion Outlets of Chicago
| Location | Rosemont, Illinois |
|---|---|
| Address | 5220 Fashion Outlets Way, Rosemont, IL 60018 |
| Opening date | August 1, 2013 |
| Developer |
Macerich AWE Talisman |
| Owner | Macerich |
| No. of stores and services | 150+ |
| No. of anchor tenants | 4 |
| Total retail floor area | 530,000 square feet (49,000 m2) |
| No. of floors | 2 |
| Website | http://www.fashionoutletsofchicago.com/ |
Fashion Outlets of Chicago is an enclosed outlet mall located at Balmoral Avenue and I-294, one-half mile west of O'Hare International Airport, in Rosemont, Illinois. It opened on August 1, 2013 taking about $250 million to develop. The outlet mall contains about 150+ stores that ranges from high end stores to stores that would be in normal, casual malls. The mall is made as an easy access for travelers since it is located near O’hare International Airport. The Fashion Outlets of Chicago makes it a priority to accommodate travelers to be able to shop at the mall by providing them with an area to print tickets and check in their luggage directly to O’hare Airport.[1]
History
AWE Talisman and Macerich co-developed the mall, which includes outlet locations of upscale retailers such as Gucci and Giorgio Armani.[2] Grand opening ceremonies were held on August 1 through 4, 2013.[3]
It is the first fully enclosed mall to open in Chicago in over 20 years. The mall comprises 530,000 square feet, with Bloomingdale's Outlet, Neiman Marcus Last Call, Saks Fifth Avenue Off Fifth Outlet, and Forever 21 as the anchor stores.[4]
Extension
When the structure was built, there was an 18,500 square feet digital LED display facing towards I-294.[5]
In May 2015, Macerich proposed an expansion plan to extend the Fashion Outlets of Chicago. The plan included the demolition of the Rosemont Theatre and rebuilding it elsewhere. The reason for the expansion is that in 2014, Rosemont received $13.4 million in state sales-tax revenue whereas they generally receive around $5-$6 million a year prior to the construction of the mall. They hope with the expansion of the mall, the revenue will increase as well. The plan is to expand the mall by about 300,000 square feet. Balmoral is also expanding and the construction is planned to end by October 31, 2015. The Balmoral plan is widening Mannheim Road and connecting Balmoral with Bessie Coleman Drive which is west of Mannheim near the international terminal of O’hare.[6]
Accomplishments/ Awards
In March 2015, the owner of the Fashion Outlets of Chicago announced that it was selected as the 2014 Best Factory Outlet Center in the world at the MAPIC Awards. The mall was the recipient of the ICSC’s 2014 U.S. Design and Development Gold.[7]
As of September 2015, Macerich announced that the company has achieved the #1 ranking in the U.S. Retail Sector according to the scores published by the Global Real Estate Sustainability Benchmark.[8]
The Arts Initiative
There are over 10 national and international artists that joined together to create The Arts Initiative.The Fashion Outlets of Chicago partnered up with The Arts Initiative to enrich the mall by combining shopping experiences with the ideas of contemporary art. It is also a way to redefine and fill empty public spaces with works or art.[9]
References
- ↑ "Macerich Tourism : Shopping Locations: Fashion Outlets of Chicago". www.macerichtourism.com. Retrieved 2015-10-26.
- ↑ Sharoff, Robert (23 April 2013). "Outlet Mall With Fashion Ambition Rises Near Chicago". The New York Times. Retrieved 16 October 2013.
- ↑ "Guide to Chicago's newest outlet mall". CBSLocal.com. 30 July 2013. Retrieved 16 October 2013.
- ↑ Riley, Marcus (1 August 2013). "Chicago Fashion Outlet Mall Opens its Doors". NBC 5 Chicago. Retrieved 16 October 2013.
- ↑ "Photo Release -- Fashion Outlets of Chicago Chooses Daktronics Digital Outdoor Advertising Technology". GlobeNewswire News Room. Retrieved 2015-10-27.
- ↑ "Balmoral Extension To O'Hare Nears Finish Line". Journal & Topics Newspapers Online. Retrieved 2015-10-26.
- ↑ "Macerich's Fashion Outlets of Chicago Earns Prestigious MAPIC Award as Best Outlet Centre in the World in 2014". www.prnewswire.com. Retrieved 2015-10-26.
- ↑ "Macerich Earns Top Ranking In U.S. Retail Sector In 2015 From Global Real Estate Sustainability Benchmark (GRESB)". www.prnewswire.com. Retrieved 2015-10-26.
- ↑ "about". The Arts Initiative. 2013-06-02. Retrieved 2015-11-03.