Tiffany & Co. Will Open First Store In San Antonio
April 5, 2005 - San Antonio, TX
Swanky New York boutique jeweler and retailer Tiffany & Co. on Monday said it will open a new store in The Shops at La Cantera -- the company's first in San Antonio.
The 6,000-square-foot store will open later this fall once construction of The Shops at La Cantera is complete. The open-air shopping center is being developed at Interstate Highway 10 at La Cantera Parkway in Northwest San Antonio.
General Growth Properties Inc. (NYSE: GGP) in Chicago is the developer of the 1,700-acre project, along with USAA Real Estate Co. in San Antonio.
Tiffany & Co. (NYSE: TIF) operates high-end jewelry and specialty-retail stores throughout North and South America, Asia and the Pacific Rim, and Europe. The San Antonio store will embrace many of the ornamental features of Tiffany's flagship store in New York. The chain has 130 stores worldwide, according to Hoovers Online.
General Growth Properties Chief Executive Officer John Bucksbaum says having Tiffany & Co. at The Shops at La Cantera will only further establish the retail center as a world-class destination.
Tiffany & Co. will carry many of the items from its signature collection, including diamond engagement rings, jewelry set in platinum and 18-karat gold, Tiffany Mark watches, and its line of china and crystal.
"We are extremely excited about becoming part of the new center at La Cantera in San Antonio, a city known for its natural beauty and historical landmarks, which makes it a great place to live and a top destination," Beth O. Canavan, executive vice president of Tiffany & Co., says.
USAA Real Estate Company has more than $3.5 billion in assets under management and provides acquisition, build-to-suit, and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, hotel, and retail properties as well as investments in real estate operating companies.
USAA, the parent company of USAA Real Estate Company, has been serving military families since 1922 and has become one of America's leading insurance and financial services companies. The association, well known for its exceptional service, offers its 5.3 million members a comprehensive range of insurance, banking and investment products and services designed to help them meet their financial needs. Headquartered in San Antonio with offices throughout the United States and Europe, USAA owns or manages assets of more than $83 billion.