DALLAS, Aug. 13 /PRNewswire-FirstCall/ -- Galleria Dallas is pleased to
announce a multi-million dollar redevelopment and expansion for Galleria
Dallas in Dallas, Texas. Galleria Dallas is part of General Growth Properties,
Inc.'s (NYSE: GGP) third party management division. General Growth is also
responsible for leasing Galleria Dallas and will coordinate the construction
management for the redevelopment project.
The renovation will completely change the interior of the retail complex
and will significantly enhance the exterior. Construction will begin in
August 2003, with a Fall 2004 completion date. Galleria Dallas, conveniently
located north of the I-635 LBJ Freeway and the Dallas North Tollway, is a 21
year-old Texas institution and one of the most celebrated and popular local,
regional and national shopping destinations.
"The redevelopment and expansion of the Galleria is the most exciting
change to happen since the shopping center's opening," said Peggy Weaver,
Senior General Manager of Galleria Dallas.
Central to the design plan is the "front door" signature fountain that
allows water to be arched over the main entrance driveway from one pool to
another. Upon entering Galleria Dallas, shoppers will discover an exciting
new interior reflecting today's lifestyles. During renovation and expansion,
shoppers will still benefit from the more than 10,000 covered parking spaces
and will continue enjoying the Galleria Dallas shopping experience without any
inconvenience.
"The Galleria is an exciting property with a history of success in one of
the most dynamic retail markets in the country. Our team based in the Dallas,
Chicago and Atlanta offices has extensive knowledge of the market and is
uniquely qualified to enhance the shopping and entertainment experience
customers have come to expect," said Tim Haislet, Senior Vice President of
Asset Management for General Growth Properties.
The famous Galleria Vittorio Emanuele in Milan, Italy inspired the
original 1.8 million square feet of retail architectural design. The
redevelopment and expansion design concept is a prestigious collaboration led
by SMWM Principal Dan Cheetham and the landscape architecture firm of
Hargreaves Associates. SMWM is a nationally renowned, multi-disciplinary
design firm based in San Francisco. Hargreaves Associates have won many local
and national design awards for their work in the public realm. The Architect
of Record is Omniplan, a nationally known Dallas architectural firm. VCC, one
of the largest retail general contractors in the country, will build the
project.
The design team is assisted by a group of consultants well-versed in
retail design. As a result, Galleria Dallas shoppers' experiences will be
enhanced and simplified with new retail Lifestyle Clusters. The redeveloped
and expanded Galleria Dallas will contain some of the newest and hottest
retailers in each Lifestyle Cluster added to more than 200 existing,
exceptional shops.
General Growth Properties is the second largest owner, manager and
developer of shopping centers in the country. General Growth currently has
ownership interest in, or management responsibility for, a portfolio of 162
regional shopping malls in 39 states. The company portfolio totals
approximately 140-million square feet of retail space and includes over 16,000
retailers nationwide. A publicly traded Real Estate Investment Trust (REIT),
General Growth Properties is listed on the New York Stock Exchange under the
symbol GGP. For more information on General Growth Properties and its
portfolio of malls, please visit the company web site at
http://www.generalgrowth.com .
SOURCE Galleria Dallas; General Growth Properties, Inc.
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Related links:
http://www.generalgrowth.com
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CONTACT:
Peggy Weaver of Galleria Dallas,
+1-972-702-7100
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