Friday, June 5, 2009

Tough times for CityNorth

Headline from AZCentral.com:
Bloomingdale's, Macy's pull out of CityNorth

Ouch!
Nordstrom's, Bloomingdale's, and Macy's have all pulled out of the project.

"The departures leave Phase 2 with no committed tenants."

Phase 1 is already a ghost-town...the restaurants seem to be doing ok (w/ the exception of Saito's Japanese Steakhouse), but the retail shops must be in major pain.

Related posting:
CityNorth a dud?

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