Quick Answer: Who Owns Southcoast Plaza?

How many stores are in South Coast Plaza?

270 storesSouth Coast Plaza continuously brings in approximately 24 million visitors annually.

The shopping center has about 2.8 million square feet (260 thousand square meters) of gross leasable area and over 270 stores, making it one of the largest shopping centers in the United States..

How many acres is South Coast Plaza?

128 acresIt is one of the largest shopping centers on the West Coast, with more than 250 stores and restaurants on 128 acres, and is privately owned. South Coast Plaza’s story is entwined with that of its founders, the Segerstrom family, who arrived in Orange County in 1898.

Why are the malls dying?

There are lots of reasons why malls are dying, from the rise of online shopping and some retailers’ slow adaptation to the middle class shrinking and younger people, struggling to pay off student loans and find affordable housing, not having the money to spend on shiny new things.

How much is the Segerstrom family worth?

The Segerstrom family’s singular focus on just one mall is a key part of South Coast Plaza’s secret sauce. Just ponder a list of the 20 most valuable mall operators in America, compiled by Green Street Advisors of Newport Beach. The Segerstroms rank 19th, worth an estimated $3 billion.

Who is the richest man in Orange County?

Donald BrenAnd the local list of America’s wealthiest had one constant: Irvine Company owner Donald Bren was once again Orange County’s wealthiest resident. The annual ranking of America’s 400 largest personal fortunes by Forbes magazine pegs the wealth of Bren, 85, at $16.3 billion.

Is South Coast Plaza the richest mall in America?

South Coast Plaza, the highest-grossing mall in the US, did $1.7 billion in sales in 2015. … This week at the sprawling shopping center in southern California’s Orange County, there are scarlet red dresses on the mannequins at the windows of Carolina Herrera and Balenciaga.

How old is Elizabeth Segerstrom?

Segerstrom & Sons, which owns South Coast Plaza; a member of one of Orange County’s wealthiest families. She’s: 45, clinical psychologist, self-help book author, fashionable New Yorker.

What is the largest indoor mall in the world?

Dubai Mall – Dubai, United Arab Emirates At over 12 million square feet (equivalent to more than 50 soccer fields), the Dubai Mall is the largest shopping mall in the world based on total area.

What is the largest mall in America?

List of largest shopping malls in the United States#Mall nameLocation1Mall of AmericaBloomington, Minnesota2American DreamEast Rutherford, New Jersey3King of Prussia MallKing of Prussia, Pennsylvania4South Coast PlazaCosta Mesa, California16 more rows

What is South Coast Plaza worth?

He also developed the South Coast Plaza, which is estimated to be worth, roughly, $2 billion.

When was Southcoast Plaza built?

The groundwork for South Coast Plaza began in 1962. The center opened in 1967 and Segerstrom soon began courting luxury retailers, such as Yves Saint Laurent.

What is the largest mall in California?

The largest mall on the west coast – South Coast PlazaUnited States.California (CA)Orange County.Costa Mesa.Costa Mesa – Things to Do.South Coast Plaza.