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Malibu's New Mall Delayed Opening

By
Real Estate Agent with Associate Broker / Teles Properties, Inc.

The planned grand opening of the Malibu Lumber Yard mall has been delayed until the summer. The slow down in opening is due to the requirements for a waste-water discharge permit. Clients will move into the mall beginning in March. Some of the high-end tenants are clothing stores Planet Blue Kids, J. Crew, James Perse, Alice & Olivia, Kitson, Maxfield, Theory and Tory Burch, home store Andrianna Shamaris and the Crumbs Bake Shop. The restaurants that the mall will house have not been announced yet.

Meanwhile, the owner of Cross Creek Shopping Plaza that is across the street from the Lumber Yard, says the economy has had some affect on finding new tenants. a number of longtime tenants have recently relocated due to rent increases have not yet been replaced. Pet Headquarters, Pritchett Rapt & Associates and Casa Escobar were recent exits.

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