Fashion District Elevates Dining and Entertainment Offerings with Addition of New Flagship Round One

PHILADELPHIA, Feb. 7, 2019 /PRNewswire/ -- Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, expands dining and entertainment concepts joining the roster – including a new flagship location from entertainment leader Round One Entertainment. Fashion District will offer a variety of dynamic tenants and community programming across four key pillars – Style, Dining, Entertainment, and Arts & Culture.

With growing consumer demand for social experiences, Fashion District will feature a dedicated third-floor entertainment zone with AMC Theatres and the newly signed Round 1. Occupying more than 60,000 square feet, Round 1 will create the ultimate entertainment experience for socializing with friends, family entertainment, parties and corporate events with bowling, arcade games, billiards, karaoke and more, along with food and beverage offerings. Further strengthening Fashion District's entertainment pillar, AMC will feature in-theater dining, reclining seats, and a bar – marking Center City's first movie theatre to open since 2002.

"Round One Entertainment is proud and excited to announce its third store in Pennsylvania, following the Exton and Erie locations. Fashion District Philadelphia will be the first location nationwide in which we're opening a store in a non-regional mall, and we hope to continue our growth in similar retail environments across the country," said Shane Kaji, Executive Vice President.  "Round1 will strive to make this store a great destination for entertainment and family gatherings when in downtown Philadelphia."

Set to open in September 2019, Fashion District will offer an array of unique and dynamic concepts for shopping, dining, socializing and playing. Other previously announced dining and entertainment tenants include City Winery, a culinary and cultural wine experience offering fine dining, classes, concerts, and private events; Dallas BBQ and Market Eats as well as an array of quick serve dining options throughout the property.

Offering a variety of options for a diverse shopper base, Fashion District will feature in-demand brands including Nike, H&M, Forever 21, Columbia, Levi's, ULTA Beauty, Digitially Native Vertical Brands as part of Brand Box, local enterprenuers as part of Uniquely Philly and others-  joining Burlington and Century 21.

"To execute our vision for creating an engaging shopping and social experience for Philadelphians, we're delivering high quality retail, dining and entertainment tenants to enhance the suite of options for a day or night out in the downtown area," said Joseph F. Coradino, CEO of PREIT. "Fashion District is well-positioned to cater to the evolving needs of consumers in a growing market and we continue to introduce desirable and first-to-Philadelphia brands – such as Round One Entertainment – to expand the Fashion District experience."

About Fashion District Philadelphia
Fashion District Philadelphia will deliver a robust retail and entertainment offering unlike any other in downtown Philadelphia. Spanning three city blocks, it will feature over 800,000 square feet of dynamic offerings, including flagship, traditional full price, off-price and branded outlet retail, destination dining and entertainment, along with public art and evolving cultural events. With a prime location in Center City, Fashion District Philadelphia is just steps away from Philadelphia's historic district and connected to Reading Terminal, the Pennsylvania Convention Center and SEPTA's Jefferson station – offering convenience and accessibility for millions of Philadelphia residents, commuters and visitors.

Fashion District Philadelphia is a joint venture partnership between Macerich and PREIT. For regular updates and more information, visit www.FashionDistrictPhiladelphia.com.

About PREIT
PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since 2012, the company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures. Additional information is available at www.preit.com or on Twitter or LinkedIn.

About Macerich
Macerich (NYSE: MAC), an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 52 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor.  A recognized leader in sustainability, Macerich has earned NAREIT's prestigious "Leader in the Light" award every year from 2014-2018. For the fourth straight year in 2018 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company's website at www.Macerich.com

Media Contact:
Liz Mazanek
Brownstein Group on behalf of
Fashion District Philadelphia
[email protected]
267-238-4137

SOURCE PREIT

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