Scottsdale Fashion Square will spend $130 million on its new Barneys wing, mall owner Westcor said Thursday.
The new retail cluster — a Barneys New York plus 25 to 30 additional high-end retailers and a couple of restaurants — will be about half the size of the Nordstrom wing built in 1998, said Steve Helms, general manager of the upscale mall.
But it will cost more in inflation-adjusted dollars to build because of the two floors of underground parking beneath the stores, said Scott Nelson, Westcor vice president of development.
The $130 million tab includes a major spruce up of the rest of the mall. That’s already in progress with installation of fancier tile stretching from the west wing Dillard’s store to the wall that hides the demolition of the old Robinson’s-May store and parking garage.
It doesn’t include the cost of tentative plans for another big anchor store just north of the Barneys wing.
Nelson said Westcor has several big retailers interested in the space.
A Whole Foods organic market could be the surprise entry to land it.
“We think Whole Foods would be a great addition,” Nelson said.
Especially with hundreds of pricey condos under construction just north and east of the mall.
“The area is clamoring for food stores,” Helms said.
Besides, he said, the spot is almost exactly where the A.J. Bayless grocery stood back in the 1960s when the then-open-air shopping center consisted of one department store — Goldwater’s — plus the supermarket and a few smaller shops.
But before you start mentally ringing up your organic produce and grains, Nelson said there is not a done deal for the space.
Or for the 100,000 square feet of smaller shops that will open in the Barneys wing in fall 2009.
Nelson said until the coveted shops sign contracts he won’t reveal names, but he said they will be of the price-points and caliber of other previously announced Fashion Square retailers like Carolina Herrera and Michael Kors, which are slated to open within the next few months.
Also part of the new wing — facing Camelback Road between the Grand Lux Café, slated to open Nov. 8, and Barneys — will be a couple of restaurants, he said.
Barneys will add its own eatery into the mix, too. It will be a Scottsdale version of Fred’s, the four-star Italian restaurant on the ninth floor of the New York flagship store, Nelson said.