$20 Million Remodel Coming to South Towne Center

South Towne Center redesign and renovation renderings.

SANDY — Starting next month, one of the south valley’s largest shopping centers will undergo a major renovation.

Managers of South Towne Center announced a $20 million, 18-month redesign project scheduled to get underway in a few weeks.

Beginning in August, the 1.3 million-square-foot shopping center will go through a significant overhaul that will include improvements to landscaping, lighting and the parking lot to accommodate a new off-ramp from northbound I-15 that will exit directly onto mall property, among other upgrades.

“We’re expanding our food court, we’re adding some outdoor seating, adding new entrances, just lightening and brightening everything,” explained Alicia Rutledge, marketing manager for South Towne Center.

The renovation will take place in stages, Rutledge said, and the center will remain open throughout the process. The project is expected to bring in new local and national retailers, and is slated for completion by fall of next year, she added.

Last November, the mall was purchased by a partnership between El Segundo, California-based Pacific Retail Capital Partners, along with Goldman Sachs and Silverpeak Real Estate Partners. Pacific Retail is an owner and manager of regional shopping centers nationwide, including Broadway Mall in Hicksville, New York; Colonie Center in Albany, New York; West Oaks Mall in Houston; Yorktown Center in Lombard, Illinois; and Queen Ka’Ahumanu Center in Kahului, Hawaii.

Located at 10450 S. State, South Towne Center includes a 966,000-square-foot, two-story indoor shopping mall with about 150 stores and restaurants, as well as an adjacent 312,000-square-foot outdoor retail property called Marketplace.

As one of Utah’s largest shopping centers, South Towne is anchored by Macy’s, J.C. Penney, Forever 21 and Dillard’s, while the adjacent Marketplace also includes retailers such as Target and Barnes & Noble.

Over the past few years, the Salt Lake Valley has seen City Creek Center built in downtown Salt Lake City, as well as a major overhaul and expansion of Fashion Place Mall in Murray. In the wake of those developments and in an effort to remain competitive, the company said the new project has been in the works for a while.

“This renovation will create a vibrant, contemporary, outdoor-inspired shopping experience with more entertainment and dining options to serve customers of all ages,” said Gary Karl, Pacific Retail Capital Partners executive vice president. “As South Towne Center enters its 30th year serving the Sandy community, it is the perfect time to enhance the customer experience.“

Though the center’s tenants generally welcome the redesign, some also expressed concerns about the yearslong trend in the declining number of shoppers visiting the property.

“I want to see how the mall is going to bring in more brand-name (tenants) into the mall,” said Tony Luu, owner of Fast Fix Jewelry and Watch Repair. “More (shopper) traffic; that’s what we need.”

Rutledge said management is aware of those concerns and is already in the process of addressing them.

“We’re in negotiations with a lot of different retailers, (and) we have a lot of things in the works,” she said. “We have great plans and a lot of exciting things coming.”

Announcements of new tenants could be on the horizon over the next several months, she said.

The South Towne Center redevelopment is part of The Cairns, Sandy’s 1,100-acre city center “mountain meets urban” project. A cairn is a man-made pile of stones indicating someone is headed in the right direction.

The project from 9000 South to 11400 South and I-15 to near State Street will connect mountain adventures with urban living, explained Sandy communications director Nicole Martin.

The Cairns will feature new apartments and condominiums, restaurants, office space and new retail space, in addition to the multimillion-dollar South Towne Center renovation, she added.

“It plays right into the ‘mountain meets urban’ concept of our overall city center,” Martin said. The environment elevates the mixed-use elements of office, retail and residential with the amenities expected of an active urban lifestyle, she said.

“The mall renovation is huge for Sandy city and for the state of Utah,” Martin said. “They will be creating a shopping experience that is unlike any other here in the state.”

http://www.ksl.com/?nid=148&sid=35413318

Macy’s, Target Ready Fresh Fashion Takes For BTS

macys-back-to-school-b

Amid predictions of more confident back-to-school shoppers, both Macy’s and Target are offering peeks at their fall marketing efforts. For Macy’s, the emphasis is on 1970s bohemian looks, denim-on-denim and plenty of “athleisure” offerings. And for Target, it’s chic comfort, served up by some of the web’s hottest young dance phenoms.

The National Retail Federation unveiled its back-to-school spending forecast, which predicts per-family spending will decline to $630.36, including electronics and apparel, down from $669.28 last year. And it forecasts total spending of almost $25 billion. (When back-to-college spending is included, the total is expected to reach $68 billion.)

But the decrease is more a result of last year’s splurges, the Washington D.C.-based trade group says, pointing out that consumer confidence around BTS is high. The survey says that this year, some 76.4% of families with school-age kids say they will change their spending because of the economy. That’s down from 81.1% last year, and the lowest its been in the seven years the group has been tracking it. And in the past 10 years, families have spent an average of 42% more suiting kids up for the new school year.

“Heading into the second half of the year, we are optimistic that economic growth and consumer spending will improve after a shaky first half of the year,” say NRF President and CEO Matthew Shay in its release.

One change, though, is that the survey finds shoppers intend to hold off before getting started, with fewer than one in five starting two months early, and 30.3% planning to shop one or two weeks before the opening bell, up from 25.4% last year.

The NRF also included questions about omnichannel intentions, with 48.4% planning to use ship-to-store offerings, and 92.1% looking for free shipping deals.

And increasingly, kids are calling the shots, with

86.4% of parents saying kids influence 25% or more of back-to-school purchases.

So it makes sense that marketers are increasingly courting the stars that influence kids most. Macy’s, for example, is staging in-store events with teen singer-songwriter Daniel Skye. And it’s also organizing back-to-school shopping parties hosted by celebrity vlogger Lindsey Hughes.

While Target says it won’t unveil its new spot until Aug. 2, it’s already teasing a preview, which includes dancing sensations Maddie Ziegler, Mace Maya and Kida the Great testing out its stretch denim, and promising a Tori Kelly cover of the Jackson Five’s “ABC” as a theme song.

http://www.mediapost.com/publications/article/254035/macys-target-ready-fresh-fashion-takes-for-bts.html

The Lamborghini Huracan Will Rip Apart Your Daily Driving

My next car! :)

 

The Lamborghini Huracan is a confusing beast.

Its base model costs $237,000. That’s considerable, to be sure, but it’s half the price of the Lamborghini Aventador.

It’s arguably the subtlest modern Lamborghini ever designed, especially when you consider the electro-’80s-style edges of the Gallardo and the multiple gaping vents of the Murcielago. But its rib-cage-like back, exposed engine cavity, and spaceship profile remain the most extreme style elements on a production car today.

It’s touted as the “driver-friendly” Lamborghini, suitable for canvassing both town and country. Stephan Winkelmann from Lamborghini even told me it was “easy on the road.” That must be a relative term. Its excruciatingly low clearance, 14-mpg gas mileage, absentee cup holders, dangerous lack of visibility, and miniscule trunk—I hesitate to even label it as such—make it painful as a weekend conveyance. On the way out east last Sunday morning, I was sweating speed bumps and the gas gauge—all the while fending off the overflow tote I had to place at my feet.

The Huracan is a two-door, two-seat sports coupe.
Photographer: Hannah Elliott for Bloomberg Business

Those last bits—the parts about low clearance, zero visibility, and that insatiable thirst for fuel—are nothing new. Heck, we expect this sort of thing when we drive a Lamborghini. It’s part of the adventure.

Yet I would argue that at this point, Lamborghini has got to move at least a hair’s width past that old model. I know it’s painful. But it can’t get away with those sorts of annoyances anymore. No longer is Lambo the esteemed family-run Italian house making dozens of cars a year for connoisseurs and enthusiasts who delight in indulging their inner automotive masochist, as it was in the 1970s. It’s part of Volkswagen, making thousands of cars a year, largely in Germany, for everyone from Kanye West to second-string power forwards in L.A.

None of this means the Huracan is a bad car. (Well, it is bad in the best sort of naughty way. It’s fun to use to blow past people on the highway, and it gets a lot of attention on the street.) But it does all mean that this bull is a mixed breed of Italian heritage forced to contend with conflicting demands from a neo-luxury, ultra-global market.

If you decide to buy a Huracan, go in with both eyes open, as it were. If you don’t, you’re going to get burned.

Focus Your Mind

Priority No. 1: You must focus when you drive this car. The Huracan deserves it. It’s too powerful and fast and special—unlike the slick McLaren 650S, it has real personality—to treat casually. This car is born of track monsters, an animal built around a 602-horsepower direct-injection 5.2-liter V10 engine that can reach 200 mph on a casual afternoon jaunt.

The Lamborghini Huracan contains a 602-horsepower V10 engine. Its doors do not open upward.
Photographer: Hannah Elliott for Bloomberg Business

Aside from the matter of the ulcer-inducing lack of clearance—there’s a button that raises the chassis as a sort of buffer over abrupt inclines, which does help—the Huracan eats asphalt at the speed of the national debt. It’ll go zero to 60 mph in 2.9 seconds, which well beats the $176,000 Porsche 911 GT3 RS and the $200,000 Ferrari California. (It basically equals the $245,000 Ferrari 458 Italia, but it does not come near the blistering and $845,000-plus Porsche 918 Spyder.)

I first drove this car when I worked for Forbes almost a year ago. At the time, I didn’t get to drive it on the track—so this time, up at Lime Rock racetrack near Sharon, Conn., I made sure to floor it, literally. You will, too, when you drive this. It’s impossible to resist the urge. When you accelerate, the thrust pushes you back as if you’re passing through a force field into some sort of other dimension. Though, for my money there are other cars—like that McLaren 650S—that just feel a shade quicker as you push them to the edge.

The Huracan also contains Lamborghini’s first-ever attempt at a seven-speed dual-clutch automatic transmission, with four-wheel drive to boot. The gear modes include the “manual” Strada or the automatic Corsa. In both, the transmission operates unobtrusively and willingly—if not with quite as much élan as you might find in a Bentley Continental Coupe. There is a blissful lack of turbo lag, of any hesitancy whatsoever, when you punch the gas.

The turn signal on the Huracan works similarly to that of a motorcycle.
Photographer: Hannah Elliott for Bloomberg Business

Work That Body

The Huracan is made from aluminum, with carbon-fiber components in the bulkhead, center tunnel, and B-pillars, which accounts for a 10 percent weight loss over the Gallardo. That means it’s better—lighter—around corners than predecessors. As I wound up Route 22 on the way to Lime Rock Park, it felt less like a brick and more like a very insistent pit bull. Thick but pliable if you get it pointed in the right direction and keep a firm hand on the collar (read: steering wheel). It’s about as wide in the shoulders as a pit bull, too.

Accelerating in a straight line means tightening your stomach muscles as you feel the small of your back flatten against the seat. The subtle hum of the engine—hidden behind the top note of its roar—as the car launched under me confirmed that I had just achieved liftoff.

Here is how it’s different from others in its price range: The best, fastest, most elegant Bentleys, Ferraris, Rolls-Royces want to help you when you drive. They aspire to conspire with you. The Huracan feels reptilian in comparison. It has power. It has edge. But it’s no easy breezy driver (see reasons stated above); it’s certainly not interested in developing any sort of mutually beneficial relationship.

The trunk of the Huracan will fit one weekend tote.
Photographer: Hannah Elliott for Bloomberg Business

The Huracan is going to do what nature and its reptilian brain decree. You, as driver, are accessory to that instinct. Don’t get it twisted.

Obey the Beautiful Reptile

About that visibility. The windshield is so narrow and slanted I had to crane my neck down any time I wanted to see if the stoplight in front of me had turned green yet. And you might as well remove the rearview mirror and give it back to the dealer before you drive off the lot. I couldn’t see a thing with it back there as I drove upstate, no matter how many times I adjusted it. On the Huracan, side mirrors are your friends.

(Along my drive to Connecticut, I stopped by the garage of a well-known auto racing champion. His longtime mechanic, a white-haired man with his own impressive array of ’70s-era drag racing credentials, told me he could see the visibility problems from the moment I pulled in the drive: “That’s a beautiful car,” he said, leaning toward me conspiratorially. “Beautiful and useless.”)

But yes, beautiful. I love how the Huracan looks. It tells everyone that it’s crazy and intimidating and fast and mean—and it doesn’t have to use a single word to convey that message. No, you won’t get those suicide doors that swoop up like they do on the Aventador, but you do get those sick vents along the rear roof, and the low-slung swagger of a race car. It sounds strange to say, but everything else is minimal. And rightfully so. The audacity of those lines alone demands enough attention, emotionally. This is the kind of car you feel you could sketch in about three lines.

Inside the Beast

The interior is unusual; all of the buttons are grouped in a row across the center console, like a rocket ship, and the start button sits hidden under a fire-engine red flip-top cage. There’s a whole process to engaging the parking brake—but it all fits with the overall character of the car. Other oddities: The turn signal is a single button that you push with your thumb and have to manually turn off half the time, too, as it’s not very sensitive. The gauges are all electronic, rather than “real” analog; the slim, disappearing door handles flip open when you push the unlock button; and the heated sport seats ($2,800 extra if you want them) are firm enough to make you sore after a day on the track.

The Huracan contains distinct styling elements, especially along the rear.
Source: Hannah Elliott for Bloomberg Business

And, as I mentioned, the trunk is basically an offense to anyone who believes in traveling with more than one pair of shoes.

So, the car is by far the most versatile model Lamborghini makes. It’s a real weirdo. But you knew that. And as Billy Joel sings, “It just may be a lunatic you’re looking for.”

http://www.bloomberg.com/news/articles/2015-07-17/the-lamborghini-huracan-will-rip-apart-your-daily-driving

PVH’s Apparel Deal With Trump Ends As Macy’s Cuts Ties With Tycoon

Trump

(Reuters) – PVH Corp <pvh.n> said it would wind down the production of Donald Trump’s menswear after exclusive retail partner Macy’s Inc <m.n> decided to stop selling his products in protest against racist remarks made by the real estate tycoon.

PVH, whose brands include Tommy Hilfiger, Calvin Klein, Van Heusen and Arrow, signed a licensing deal in 2004 for making shirts and neckwear products under the Donald J. Trump brand.

PVH’s agreement with Trump was to end in 2018, the company said on Tuesday.

The Trump Organization was not immediately available for comment.

Donald Trump, in a June 16 speech announcing his Republican candidature for the November elections, described migrants from Mexico to the United States as drug-runners and rapists.

Other companies that have cut ties with Trump include Comcast Corp’s <cmcsa.o> NBCUniversal and Spanish language TV network Univision Communications Inc [UVN.UL].

NBCUniversal said it would not air Trump’s annual Miss USA and Miss Universe pageants.

Trump slapped a $500 million lawsuit on Univision last week for ending its contract to broadcast the Miss USA pageant.

http://www.businessinsider.com/r-pvhs-apparel-deal-with-trump-ends-as-macys-cuts-ties-with-tycoon-2015-7