Simon opens second Premium Outlet Center in South Korea
Indianapolis — Simon Property Group announced that, in partnership with Shinsegae, it has opened Paju Premium Outlets, its second Premium Outlet Center in South Korea.
The 328,000-sq.-ft. center houses 160 stores, including international and domestic brands. Strategically located in Paju, Gyeonggi Province, the center is approximately 50 minutes northwest of downtown Seoul.
The collection of brands includes Armani, Coach, Elie Tahari, Escada, Jill Stuart, Lanvin Collection, Marc Jacobs and Vivienne Westwood. Major local brands include Mine, Obzee and Time.
Paju Premium Outlets is an outdoor village designed with an Art Deco style architecture. Eco-friendly elements have been added such as solar-energy, water-heating and clearstory windows in the parking garage.
The company’s first outlet center in South Korea, Yeoju Premium Outlets, located southeast of Seoul, opened in 2007 and introduced upscale outlet shopping to the country.
The Premium Outlets portfolio includes 69 Premium Outlet Centers including 57 in the United States, one in Puerto Rico, eight in Japan, two in South Korea and one in Mexico. Premium Outlet Centers in the United States are located primarily in or near major metropolitan markets such as New York, Los Angeles, Boston and Chicago and visitor markets such as Orlando and Palm Springs.
Schneider Electric helping to develop LEED demand response credit
New York City — Schneider Electric and the Lawrence Berkeley National Laboratory are collaborating to enhance the current demand response credit for the LEED (Leadership in Energy and Environmental Design) certification.
The energy management company and federally funded lab, along with energy strategy consultant Skipping Stone, are developing the credit to allow commercial building owners to earn LEED points for participating in utility or wholesale market demand response programs. Skipping Stone will also provide members of LEED certifier the U.S. Green Building Council (USGBC) with a searchable, national database of existing demand response programs.
USGBC will launch a series of utility service territory pilots, to encourage adoption of demand response and the revised LEED credit. Skipping Stone will manage these pilots, and will coordinate with potential participating utilities, market operators, regulators, technology and service providers and other interested parties.
The revised credit will be published later this spring. After feedback from participating building managers and the collection of market research results, it will then be considered for integration into the Energy and Atmosphere category of the next version of the LEED rating system, which is due to be published in November.
Report: Men’s Wearhouse to remodel 100 plus stores in 2011
New York City — Men’s Wearhouse will remodel more than 100 stores and open 20 to 30 new locations this year, Women’s Wear Daily reported.
This marks a big increase from last year, when 35 stores were remodeled, the report said.