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November 20, 2018
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Macerich and Simon to Develop 566k sf Outlets Center in Carson

9/13/18

Macerich and Simon have teamed up in a 50/50 joint venture to create Los Angeles Premium Outlets, a state-of-the-art, premium outlet center in the city of Carson. The two firms will co-develop and jointly lease LA's newest outlet, designed to open with 400k sf, followed by an additional 166k sf in its second phase.

Los Angeles Premium Outlets will be situated adjacent to the 405 Fwy near the 110 Fwy. Site work for the elevated shopping destination, with parking below, is expected to begin immediately, with an opening planned for fall 2021.

Designed to attract affluent local residents and international tourists, Los Angeles Premium Outlets will have 2,500 lineal feet of frontage on the high-traffic I-405 Fwy, with 300,000 cars passing each day. Additionally, 215,000 cars pass the site daily on the I-110 Fwy.

The high-profile project will also benefit from the regionís high density of 2.5 million residents within 10 miles and its location just 11 miles from LAX, the nationís second-busiest airport serving 81 million passengers annually. In addition, Los Angeles Premium Outlets will be just a short drive from City of Champions Stadium, the future home of the Rams, Chargers, and world-class entertainment options.







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