Washington Square Mall Tigard, Oregon Joe, Kyle, Lindsay.

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Presentation transcript:

Washington Square Mall Tigard, Oregon Joe, Kyle, Lindsay

Background Built in 1974 Built in 1974 Owners: Macerich Company, Real Estate Investment Trust Owners: Macerich Company, Real Estate Investment Trust Own 56 Malls Own 56 Malls One of largest in US One of largest in US 1 st Remodel in 1994: added food court 1 st Remodel in 1994: added food court 2 nd Remodel in 2005: 2 nd Remodel in 2005: Added 100,000 sq.ft. expansion Added 100,000 sq.ft. expansion Gave opportunity for 2 nd floor expansion at later date Gave opportunity for 2 nd floor expansion at later date

GRAND OPENING EXPANSION PHOTOS

Aerial Layout Mon.-Sat.: 10 am – 9 pm and Sun.: 10 am – 7 pm

Stores 170+ Specialty Stores 170+ Specialty Stores 57 Apparel for Men, Women, Children (Including Elton’s favorite, “Hot Topic”) 57 Apparel for Men, Women, Children (Including Elton’s favorite, “Hot Topic”) Accessories/Handbags/Luggage Accessories/Handbags/Luggage Books/Cards/Gifts Books/Cards/Gifts Electronics/Music/Videos Electronics/Music/Videos Department Stores Department Stores Eyewear Eyewear Food Court Food Court Gift/Specialties Gift/Specialties

Stores Grocery & Drugs Grocery & Drugs Health & Beauty Health & Beauty Home Furnishing Home Furnishing Jewelry Jewelry Toys & Games Toys & Games Shoes Shoes Restaurants Restaurants Services Services Other Other

Demographics Within 15 miles Within 15 miles 1,347,305 people 1,347,305 people Average household income $69,267 Average household income $69,267 Super regional mall Super regional mall Upscale Upscale Nordstrom Nordstrom Abercrombie & Fitch Abercrombie & Fitch Williams & Sonoma Williams & Sonoma Chicos Chicos Bebe Bebe Meier & Frank Meier & Frank

Additional Programs Walk the Square: every day before opening Walk the Square: every day before opening Tigard Farmers Market Tigard Farmers Market Stroller Strides Stroller Strides Flag Day Celebration Flag Day Celebration The Sharing Tree: Christmas Donations The Sharing Tree: Christmas Donations Big Red Bucket Brigade: Food Drive Big Red Bucket Brigade: Food Drive

Directions 9585 SW Washington Square Road Tigard, Oregon 97223

S.W.O.T. Analysis S.W.O.T. Analysis Strengths Strengths Location Location Near major freeways/highways Near major freeways/highways In major urban area In major urban area Large variety of stores Large variety of stores Stores/Food only location in Oregon (Cheesecake Factory) Stores/Food only location in Oregon (Cheesecake Factory) Sears Home Appliances/ Sharper Image for men Sears Home Appliances/ Sharper Image for men Close to public transportation Close to public transportation City buses City buses Newly remodeled with new stores/restaurants Newly remodeled with new stores/restaurants Carpeted Soft Seating Areas elevates ambiance Carpeted Soft Seating Areas elevates ambiance New Amenities: Family restrooms, guest services/ New Amenities: Family restrooms, guest services/ security kiosk security kiosk Helpful Website Helpful Website Helpful Website Helpful Website

S.W.O.T. Analysis Weaknesses Weaknesses Parking Parking Not enough, especially Not enough, especially during the holidays during the holidays Crowded Crowded Lots of people= Lots of people= lots of headaches lots of headaches Tigard Location Tigard Location Not central to center Not central to center of Portland of Portland

S.W.O.T. Analysis Opportunities Opportunities 2 nd Floor Expansion Area 2 nd Floor Expansion Area Hotel Promotions Hotel Promotions Embassy Suites Embassy Suites Coupon Book Coupon Book More upscale/sit-down More upscale/sit-down restaurants restaurants Cheesecake Factory Cheesecake Factory Newport Bay Newport Bay

S.W.O.T. Analysis Threats Threats Competitors Competitors Clackamas Town Center Clackamas Town Center Lloyd Center Lloyd Center Pioneer Place Pioneer Place Bridgeport Village Bridgeport Village 23 rd Street, Downtown Portland 23 rd Street, Downtown Portland

Source Washington Square Online Washington Square Online Google Images Google Images Macerich Company Macerich Company