TAUBMAN CENTERS PREVIEWS STORES, RESTAURANTS FOR THE MALL AT PARTRIDGE CREEK
Released: 04/19/06
New Center Taking Shape as Regional Shopping, Dining
and Entertainment Destination
BLOOMFIELD HILLS, Mich., April 19, 2006 -- Taubman Centers, Inc. (NYSE: TCO) today previewed a selection of restaurants and stores coming to The Mall at Partridge Creek in Clinton Township, Michigan. The open-air shopping center, anchored by Nordstrom, Parisian and MJR Cinema 14, is scheduled to open in October, 2007.
The Mall at Partridge Creek will offer a cluster of distinctive dining options including P.F. Chang's China Bistro, Bravo! Italian Kitchen, California Pizza Kitchen and Claddagh Irish Pub. These destination eateries, found nowhere else in Macomb County, will bring a compelling selection of dining choices to residents in the market.
The Mall at Partridge Creek will also provide unique fashion and lifestyle options previously unavailable in Macomb County with offerings like Apple, Ann Taylor, Coldwater Creek, J. Crew, Brooks Brothers, and Delia's that will be joined by such favorites as Gap, Gap Kids, Baby Gap, Gap Body, Banana Republic and Eddie Bauer.
The first regional shopping center built in Macomb County in 30 years, Taubman's 640,000-square-foot Mall at Partridge Creek will be located along the south side of M-59 between Garfield and Romeo Plank. It will feature approximately 90 stores and restaurants along with a 129,000-square-foot, two-level Nordstrom (opening in spring 2008), and a 120,000-square foot, two-level Parisian.
In addition, MJR Theatres is building a 14-screen 55,749-square-foot movie theater complex with 2,500 stadium-style seats, digital sound in all auditoriums and digital projection systems on at least four screens.
"With such an attractive roster of restaurants new to the area and a state-of-the-art movie complex, The Mall at Partridge Creek is destined to become a regional dining/entertainment destination as well as a dominant shopping venue," observes Robert S. Taubman, chairman, president and CEO of Taubman Centers. "We are very pleased with our leasing progress, and this first selection of committed tenants offers a flavor of more to come."
"The fact that some of the nation's most in-demand stores and restaurants are entering Macomb County for the first time testifies to the area's recent dynamic growth and significance for national retailers," says Clinton Township Supervisor Robert J. Cannon. "Having a first-class shopping center like Partridge Creek creating thousands of jobs in the heart of our region"s primary growth corridor gives our community exciting new shopping options close to home -- and a solid economic boost."
Taubman Centers, Inc., a real estate investment trust, owns and/or manages 22 urban and suburban regional and super regional shopping centers in 11 states. In addition to The Mall at Partridge Creek, The Pier at Caesars (Atlantic City, N.J.) is under construction and is scheduled to open in June, 2006. Taubman Centers is headquartered in Bloomfield Hills, Mich. For more information about The Mall at Partridge Creek, visit www.shoppartridgecreek.com
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 as amended. These statements reflect management's current views with respect to future events and financial performance. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to changes in general economic and real estate conditions, changes in the interest rate environment and the availability of financing, construction delays, and adverse changes in the retail industry. Other risks and uncertainties are discussed in the company's filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K.
CONTACT:
Karen MacDonald
Media
Taubman Centers, Inc.
(248) 258-7469
kmacdonald@taubman.com
Barbara Baker
Investors
Taubman Centers, Inc.
(248) 258-7367
bbaker@taubman.com