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Thursday, October 24, 2024
5 min readNEW YORK, NY — The Meridian, the region's premier open-air luxury retail destination, today announced an ambitious Phase II expansion that will add 50,000 square feet of new retail space and introduce 20 exclusive boutiques to the property. The expansion, scheduled to break ground in early 2025 and complete by fall 2026, represents a $150 million investment in the future of luxury retail.
Bringing International Luxury to the Region
Each consultation begins with a detailed style assessment, followed by a guided tour through our carefully selected retail partners. Our consultants work with you to identify pieces that complement your existing wardrobe while introducing fresh elements that reflect current trends and timeless elegance.
"This expansion represents our commitment to providing an unparalleled shopping experience and bringing the world's most coveted brands to our discerning clientele. We're not just adding square footage; we're curating a destination that celebrates craftsmanship, innovation, and timeless elegance."
Enhanced Guest Experience
Beyond retail space, the expansion will include:
VIP Lounge: A 3,000 sq ft private lounge for elite members with personalized shopping services
Rooftop Terrace: An exclusive outdoor space featuring seasonal pop-up experiences and events
Art Gallery: A dedicated space for rotating exhibitions featuring emerging and established artists
Wellness Suite: Premium spa and wellness facilities for shoppers
Enhanced Parking: 400 additional parking spaces including valet service
Sustainability at the Forefront
The expansion will achieve LEED Gold certification, incorporating sustainable materials, energy-efficient systems, and green building practices. Solar panels, rainwater harvesting, and native landscaping will reduce environmental impact while maintaining the property's aesthetic excellence.
Economic Impact
The expansion is expected to create over 500 new jobs during construction and 300 permanent retail positions upon completion. Economic impact studies project an additional $75 million in annual revenue for the local economy, further establishing The Meridian as a cornerstone of the region's retail landscape.
About The Meridian
The Meridian is a premier open-air luxury retail destination featuring over 150 world-class brands, fine dining establishments, and exclusive entertainment experiences. Since opening in 2018, The Meridian has welcomed over 2 million annual visitors and has been recognized as one of the nation's top luxury shopping destinations.
Emma Thompson
Guest Relations Manager
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