Taubman Centers, Inc. (NYSE: TCO) announced the temporary closures of all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will be effective at the close of business on March 19 and will continue through March 29, or later if required by state or local government.
“After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” said the company’s Chairman, President and CEO Robert S. Taubman. “We are clearly in unprecedented times and this is right decision for our shoppers, retailers, employees and these communities.”
Following is the list of malls that will temporarily close:
Beverly Center (Los Angeles)
Sunvalley Shopping Center (Concord)
The Gardens on El Paseo (Palm Desert)
Cherry Creek Shopping Center (Denver)
Stamford Town Center (Stamford)
Westfarms Mall (West Hartford)
Dolphin Mall (Miami)
International Plaza (Tampa)
The Mall at University Town Center (Sarasota)
Great Lakes Crossing Outlets (Auburn Hills)
Twelve Oaks Mall (Novi)
The Mall at Short Hills (Short Hills)
The Mall of San Juan (San Juan)
The Mall at Green Hills (Nashville)
City Creek Center (Salk Lake City)
Fair Oaks Mall (Fairfax)
READ ALSO : Simon Property Group to acquire Taubman Centers in $3.6bn deal
In some markets, restaurants or other tenants with exterior public entrances at enclosed malls may stay open at their discretion, as and to the extent permitted by law. Businesses with entrances inside of the mall will be closed.
Tenants at the company’s open-air, street-front retail centers – Country Club Plaza (Kansas City, Mo.) and International Market Place (Waikiki, Hawaii) – may continue to operate.
Taubman and The Forbes Company together own the following Florida centers that temporarily closed starting today, March 19, and will remain closed until at least March 29: Waterside Shops (Naples), The Mall at Millenia (Orlando) and The Gardens Mall (Palm Beach Gardens). Some full-service restaurants may remain open for takeout. These centers are managed by The Forbes Company.
In Asia, the company operates three shopping centers – CityOn.Xi’an (Xi’an, China) and CityOn.Zhengzhou (Zhengzhou, Henan, China) in China and Starfield Hanam (Hanam, South Korea). In response to COVID-19, CityOn.Xi’an was closed for 34 days and reopened on February 29. CityOn.Zhengzhou was closed for 10 days and reopened on February 27. Starfield Hanam never closed due to the virus and remains in operation. The company continues to comply with the highest standards of public safety in Asia.
View source version on: https://www.businesswire.com/news/home/20200319005653/en