Grand Opening of Katy Mills Attracts More Than 120,000 Customers

Oct 28, 1999, 01:00 ET from Mills Corporation

    HOUSTON, Oct. 28 /PRNewswire/ -- Shoppertainment(R) is here! Based on
 traffic this morning and early afternoon, more than 122,000 people are
 projected to have attended the grand opening of Katy Mills.  The 1.3 million
 sq.-ft. (GLA) shopping and entertainment destination is located 25 miles west
 of downtown Houston, at I-10 and Katy-Fort Bend Road. Shoppers are expected to
 spend an estimated $5.2 million on grand opening day and $16.2 million over
 the four day shopping weekend.
     "The response to the grand opening of Katy Mills has been extraordinary,"
 said Laurence C. Siegel, chairman and chief executive officer of The Mills
 Corporation. "Katy Mills offers a dynamic experience, and it will quickly
 establish itself as the leading shopping, dining and entertainment destination
 in southeast Texas."
     With 200 retailers, including manufacturer and retail outlets, off-price
 retailers, category dominant stores, and unique dining and entertainment
 venues, Katy Mills is changing the way Texans think of shopping. Visitors to
 Katy Mills experience "Shoppertainment(R)," the ultimate combination of
 shopping and entertainment created by The Mills Corporation. Great retailers
 like Off 5th Saks Fifth Avenue Outlet, Brooks Brothers Factory Store, Mikasa
 Factory Store and Kenneth Cole New York provide shoppers with tremendous
 variety and outstanding prices. Interactive retailers and entertainment venues
 such as Bass Pro Shops Outdoor World, F.Y.E. -- For Your Entertainment, NASCAR
 Silicon Motor Speedway and a 20-screen AMC theatre are a small sampling of the
 experience Katy Mills has to offer.
     Katy Mills is expected to attract 18 million visitors each year coming
 from a 100-mile radius and beyond.  More than 3,000 new full and part-time
 jobs are being created by Katy Mills. By the end of the first year's
 operation, retail sales are anticipated to exceed $320 million from the mall
 alone, and another $400 million a year once the surrounding area is fully
 developed. The mall will also generate new business for other merchants within
 a 20-mile radius. Over the next 20 years, the project is expected to generate
 more than $1.7 billion in tax revenue to the City of Katy, Katy Independent
 School District, Fort Bend County and the State of Texas.
     In keeping with its tradition of assisting local communities, The Mills
 Corporation created MATCH -- Mills Access to Training and Career Help -- the
 shopping center industry's first all-encompassing training and jobs program
 for individuals leaving public assistance. In partnership with local non-
 profit and government organizations, Katy Mills will offer employment and
 benefits such as childcare, transportation and career assistance to qualified
 MATCH participants. Katy Mills is the first Mills to introduce this innovative
 program. Today, more than 150 MATCH participants began work at various retail
     Community organizations that Katy Mills has committed to help include the
 Katy Prairie Conservancy and the Brookwood Community Store.  Katy Mills has
 donated $200,000 and made a commitment to support additional fundraising and
 awareness campaigns for the Katy Prairie Conservancy, a non-profit
 organization that works with landowners, developers, conservationists,
 residents and hunters to preserve and replace critical natural habitat. Katy
 Mills has purchased much needed ceramic equipment valued at $10,000 for the
 Brookwood Community Store, a non-profit residential community designed to
 assist disabled individuals. The store is located at Katy Mills and carries a
 selection of handcrafted bowls, picture frames, lamps, Christmas ornaments and
     Katy Mills hours of operation are Monday through Saturday 10 a.m. to 10
 p.m., and Sunday 10 a.m. to 8 p.m. from grand opening and into the holiday
     Katy Mills is a joint development of The Mills Corporation and Kan Am. The
 Mills Corporation is a self-managed real estate investment trust (REIT) based
 in Arlington, Va., that owns, develops, leases, manages and markets a
 portfolio of 10 market dominant retail and entertainment destinations (nine
 Mills and one Block) and 11 community shopping centers totaling approximately
 16.8 million sq. ft. in 13 states. The company has six projects under
 construction and/or development in the United States and one in Toronto,
 Canada. The company's Internet address is Katy Mills'
 Internet address is

SOURCE Mills Corporation