TENANTS LINE UP TO JOIN NAPLES LUXURY SHOPPING CENTER

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NAPLES, FLA. — A bevy of new tenants will join existing luxury retailers in the 370,000-square-foot Waterside Shops in Naples, a Southfield, Mich.-based Forbes Co. development that opened in 1992. The shopping center is anchored by Saks Fifth Avenue, which will undergo a 20,000-square-foot expansion later this month. In November, Nordstrom will open a 77,000-square-foot store, complete with an e-Bar and a Bistro café, and De Beers will move into a 744-square-foot showroom. Also opening next month is a 1,500-square-foot kate spade boutique, a 2,546-square-foot Juicy Couture and a St. John store. In January, Waterside will welcome a 1,300-square-foot Van Cleef & Arpels, and Basler is set to open a 1,100-square-foot shop. Salvatore Ferragamo rounds out the new openings, with an early 2009 date set for its 1,940-square-foot store. Bloomfield Hills, Mich.-based Taubman Centers and ING Clarion are partners in the shopping center project.

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