Waterside Shops

Shopping mall in Pelican Bay, FL

26°12′48″N 81°48′09″W / 26.2132°N 81.8025°W / 26.2132; -81.8025Opening dateNovember 1992DeveloperWestinghouse Communities of Naples, Inc. and the Courtelis CompanyManagementThe Forbes Company and Taubman CentersOwnerThe Forbes CompanyArchitectDorsky Hodges & Partners Inc.No. of stores and services60No. of anchor tenants2 (1 open, 1 vacant)Total retail floor area280,000 square feetNo. of floors1WebsiteWaterside Shops

Waterside Shops is an open-air mall located on Tamiami Trail in Pelican Bay, Florida, just to the north of Naples, Florida. Opened in November 1992,^{[citation needed]} the mall features Saks Fifth Avenue as the anchor tenant. The mall opened with 85% of its retail space leased.^[1] Since 2003, the mall has been managed by the Southfield, Michigan-based Forbes Company, which also operates several other upscale malls in Michigan and Florida.^[2] Its open-air concourses feature waterfalls and landscaping.^[3] Some of the more popular stores the mall has are Gucci, Louis Vuitton, Tesla, Rolex, and among others.

In May 2020, it was revealed that Nordstrom would be closing this location permanently as part of a plan to close 16 locations nationwide.^[4]^[5] This will leave Saks Fifth Avenue as the only anchor store left. Von Maur may replace the vacant spot.^[6]

On February 16, 2024 it was reported that Barnes & Noble would be closing its Waterside Shops outparcel location as a part of a nationwide restructuring effort to pivot towards off-mall operations better in line with their renewed store placement strategy. The store is expected to close permanently by the end of July 2024. This move will leave the mall with no junior anchor tenants.

Anchors

Current:

Saks Fifth Avenue {original tenant} (expanded in 2008) (1992–present)

Former:

Jacobson's {original tenant} (closed in 2002 and redeveloped for Nordstrom in 2008) (1980-1991)
Nordstrom (closed in 2020) (2008-2020)

Junior anchors

Barnes & Noble {original tenant} (1992-present)

References

^ ULI Market Profiles. Vol. 1. Urban Land Institute. 1993. ISSN 0894-6108. Retrieved June 14, 2016.
^ "Waterside Shops Fact Sheet" (PDF). Waterside Shops. Archived from the original (PDF) on March 1, 2014. Retrieved February 25, 2014.
^ "coms2/gi_0199-4010289/Taubman-and-Forbes-Acquire-an". goliath.ecnext.com. Retrieved June 14, 2016.
^ Lappas, Tom (May 6, 2020). "Report: Nordstrom closing Short Pump store permanently". The Henrico Citizen. Retrieved May 29, 2020.
^ "Nordstrom closing permanently at Waterside Shops in Naples". www.nbc-2.com. May 8, 2020. Retrieved May 29, 2020.
^ "In the Know: The irony of the 'Nordstrom of the Midwest' potentially replacing Nordstrom itself in Naples".