BGM
BGM NY
SKIMS Retail Rollout — Program Tracker
Week of March 27, 2026
Compared to week of March 23, 2026
Last updated: March 27, 2026 (auto-refresh) · Data: Smartsheet + FY26 CAPEX Rollup
Overall Capex Health — FY26 Portfolio
16
Active Projects
$3.0M
Under Approved Capex (net)
7
Projects Over Budget
$1.48M
Total Over-Budget Exposure
9
On / Under Budget
2
8wk XF Notices Due ≤30 Days
0
Schedule Changes This Week
Budget Composition — 15 USD Projects
9 On/Under Budget 7 Over Budget · Last budget edit: Marshall Ryan · Mar 23, 2026
⚑ Attention: King Street opens in 7 days (Apr 3)  ·  Woodbury & Corte Madera 8wk XF Notices due in 24 days (Apr 20)  ·  Southpark CS started Mar 27 (today, on schedule)  ·  City Creek Center milestones baselined at GO Oct 2  ·  Americana at Brand overrun: +$658K
Active Projects — Smartsheet Schedule Order
King Street
Charleston, SC
Design 2.0 · 7,100 SF
⬤ Opening in 7d On Budget 8wk XF ✓ Done
Key Milestones No schedule changes this week
Construction Start
Dec 1, 2025
GC Substantial Completion
Mar 12, 2026
H/O to Ops
Mar 30, 2026
Grand Opening
Apr 3, 2026
8wk XF Notice
Feb 2, 2026 — ✓ Complete
Cross-functional partners confirmed; turnover date locked at Mar 30
Budget
Finance Approved
$4,130,000
Current Contracted
$2,984,701
Variance
−$1,029,003
Paid to Date
$1,817,568
Contingency
$116,296
No WoW budget changes detected
Confirm Ops move-in sequence shift to M–F. Delivery 3/30.
Woodbury Commons
Central Valley, NY
Outlet · 5,413 SF
On Schedule On Budget 8wk XF in 24 days
Key Milestones No schedule changes this week
Construction Start
Mar 17, 2026
GC Substantial Completion
Jun 1, 2026
H/O to Ops
Jun 15, 2026
Grand Opening
Jun 19, 2026
⚑ 8wk XF Notice — Due April 20, 2026 (24 days)
Action Required: Confirm turnover date with XF partners by Apr 20
Note: Experiencing some minor lag in jurisdictional review relative to 8wk anticipated
Budget
Finance Approved
$3,500,000
Current Contracted
$2,307,522
Variance
−$963,541
Paid to Date
$232,301
Contingency
$228,937
No WoW budget changes detected
Village at Corte Madera
Corte Madera, CA
Design 2.2 VEVE · 3,628 SF
On Schedule Over Budget 8wk XF in 24 days
Key Milestones No schedule changes this week
Construction Start
Feb 23, 2026
GC Substantial Completion
May 29, 2026
H/O to Ops
Jun 15, 2026
Grand Opening
Jun 19, 2026
⚑ 8wk XF Notice — Due April 20, 2026 (24 days)
Action Required: Confirm turnover date with XF partners by Apr 20
Construction completion target date TBC pending receipt of full TI permit anticipated as early as 3/9 with outside risk of 3rd round review extending issuance to 4/6
Budget
Finance Approved
$2,498,000
Current Contracted
$2,550,997
Variance
+$163,415
Paid to Date
$804,056
Contingency
$110,418
No WoW budget changes detected
⚑ Double risk: TI permit delay + budget overrun. Monitor permit status daily heading into 8wk XF.
Fashion Valley
San Diego, CA
Design 2.0 · 6,132 SF
On Schedule On Budget
Key Milestones No schedule changes this week
Construction Start
Mar 9, 2026
GC Substantial Completion
Jun 19, 2026
H/O to Ops
Jul 6, 2026
Grand Opening
Jul 10, 2026
8wk XF Notice — May 11, 2026
45 days out
Confirm construction duration once contract schedule received
Budget
Finance Approved
$4,600,000
Current Contracted
$3,273,292
Variance
−$1,326,708
Paid to Date
$873,767
Contingency
$0
No WoW budget changes detected
Fashion Square
Scottsdale, AZ
Design 2.1 VE · 3,500 SF
On Schedule Over Budget
Key Milestones No schedule changes this week
Construction Start
Mar 9, 2026
GC Substantial Completion
Jun 29, 2026
H/O to Ops
Jul 13, 2026
Grand Opening
Jul 17, 2026
8wk XF Notice — May 18, 2026
52 days out
Permit approved 1/29 — P-sheets missing pushed issuance to ~3/12. Confirm permit in hand.
Budget
Finance Approved
$2,245,000
Current Contracted
$2,330,880
Variance
+$311,740
Paid to Date
$411,270
Contingency
$225,861
No WoW budget changes detected
Americana at Brand
Glendale, CA
Design 2.1 VE · 7,089 SF
On Schedule Over Budget
Key Milestones No schedule changes this week
Construction Start
Mar 16, 2026
GC Substantial Completion
Jul 2, 2026
H/O to Ops
Jul 16, 2026
Grand Opening
Jul 22, 2026
8wk XF Notice — May 21, 2026
55 days out
Construction mobilized at risk as of 3/16 — tracking late permit approval/issuance
Budget
Finance Approved
$3,300,000
Current Contracted
$3,613,334
Variance
+$658,228
Paid to Date
$675,833
Contingency
$344,894
No WoW budget changes detected
⚑ Largest overrun in portfolio (+$658K). Construction at-risk mobilized — review scope change log.
Regent Street
London, UK
Flagship · 12,122 SF · GBP
On Schedule On Budget (£)
Key Milestones No schedule changes this week
Construction Start
Jan 7, 2026
GC Substantial Completion
Jun 19, 2026
H/O to Ops
Jul 9, 2026
Grand Opening
Jul 23, 2026
8wk XF Notice — May 13, 2026
47 days out
Budget (GBP — tracked separately)
Finance Approved
£7,200,000
Current Contracted
£6,596,827
Variance
−£132,493
Paid to Date
£1,420,793
Contingency
£470,680
No WoW budget changes detected
Southpark
Charlotte, NC
Design 2.1 VE · 5,572 SF
⬤ CS Started Today Over Budget
Key Milestones No schedule changes this week · CS confirmed Mar 27
Construction Start
Mar 27, 2026
GC Substantial Completion
Jul 9, 2026
H/O to Ops
Jul 24, 2026
Grand Opening
Jul 30, 2026
8wk XF Notice — May 29, 2026
63 days out
Construction mobilized today — XF notice date May 29 per current schedule
Budget
Finance Approved
$3,324,000
Current Contracted
$3,102,236
Variance
+$85,144
Paid to Date
$114,417
Contingency
$306,907
No WoW budget changes detected
City Creek Center
Salt Lake City, UT
Design 2.1 VE · 4,167 SF
On Schedule Over Budget
Key Milestones No schedule changes this week (delay from 3/25 baselined)
Construction Start
May 26, 2026
GC Substantial Completion
Sep 14, 2026
H/O to Ops
Sep 28, 2026
Grand Opening
Oct 2, 2026
8wk XF Notice — Aug 3, 2026
129 days out
Milestones shifted +8–10d in prior week (prev. Jul 24 XF) now baselined. Confirm 18-week construction duration with GC.
Budget
Finance Approved
$2,476,878
Current Contracted
$2,281,886
Variance
+$33,196
Paid to Date
$35,895
Contingency
$228,189
No WoW budget changes detected · Smallest overrun in portfolio — may be resolvable
La Cantera
San Antonio, TX
Design 2.1 VE · 3,874 SF
On Schedule Over Budget
Key Milestones No schedule changes this week
Construction Start
Jun 1, 2026
GC Substantial Completion
Sep 7, 2026
H/O to Ops
Sep 21, 2026
Grand Opening
Sep 25, 2026
8wk XF Notice — Jul 27, 2026
122 days out
+3d shift from 3/24 now baselined. Evaluate avenues to reduce 14+2 week construction duration to recover.
Budget
Finance Approved
$2,464,458
Current Contracted
$2,333,623
Variance
+$102,528
Paid to Date
$35,385
Contingency
$233,362
No WoW budget changes detected
Broadway Plaza
Walnut Creek, CA
Design 2.1 VE · 4,500 SF
On Schedule Over Budget
Key Milestones No schedule changes this week
Construction Start
Jun 1, 2026
GC Substantial Completion
Sep 21, 2026
H/O to Ops
Oct 5, 2026
Grand Opening
Oct 9, 2026
8wk XF Notice — Aug 10, 2026
136 days out
Evaluate avenues to reduce 14-week duration. Confirm demo permit + ability to progress work up to first inspection.
Budget
Finance Approved
$3,600,000
Current Contracted
$3,391,086
Variance
+$123,010
Paid to Date
$143,459
Contingency
$331,924
No WoW budget changes detected
Las Vegas North Outlets
Las Vegas, NV
Outlet · 5,811 SF
On Schedule On Budget
Key Milestones No schedule changes this week
Construction Start
Jul 6, 2026
GC Substantial Completion
Sep 25, 2026
H/O to Ops
Oct 9, 2026
Grand Opening
Oct 15, 2026
8wk XF Notice — Aug 14, 2026
140 days out
Evaluate early possession upon permit application — checking with Genesis 2/23
Budget
Finance Approved
$3,585,086
Current Contracted
$3,189,249
Variance
−$76,912
Paid to Date
$97,130
Contingency
$318,925
No WoW budget changes detected
Seaport
Boston, MA
Design 2.2 VEVE · 3,902 SF
On Schedule On Budget
Key Milestones No schedule changes this week
Construction Start
Jun 16, 2026
GC Substantial Completion
Oct 1, 2026
H/O to Ops
Oct 15, 2026
Grand Opening
Oct 21, 2026
8wk XF Notice — Aug 20, 2026
146 days out
Discuss budgeted opening date with Finance
Budget
Finance Approved
$3,573,000
Current Contracted
$3,128,097
Variance
−$157,334
Paid to Date
$123,250
Contingency
$287,569
No WoW budget changes detected
Prudential Center
Boston, MA
Design 2.1 VE · 5,000 SF
On Schedule On Budget
Key Milestones No schedule changes this week
Construction Start
Jun 22, 2026
GC Substantial Completion
Oct 12, 2026
H/O to Ops
Oct 26, 2026
Grand Opening
Oct 30, 2026
8wk XF Notice — Aug 31, 2026
157 days out
Clarify with ADG the contents of bid set anticipated 3/12
Budget
Finance Approved
$4,530,000
Current Contracted
$3,999,023
Variance
−$16,735
Paid to Date
$126,353
Contingency
$514,242
No WoW budget changes detected
Country Club Plaza
Kansas City, MO
Design 2.1 VE · 5,300 SF
On Schedule On Budget
Key Milestones No schedule changes this week
Construction Start
Aug 7, 2026
GC Substantial Completion
Nov 5, 2026
H/O to Ops
Nov 27, 2026
Grand Opening
Dec 4, 2026
8wk XF Notice — Oct 2, 2026
189 days out
Confirm possession timing — evaluate opportunity to align to 10/1 budgeted opening. Investigate express permitting.
Budget
Finance Approved
$3,498,843
Current Contracted
$3,015,036
Variance
−$182,303
Paid to Date
$2,500
Contingency
$301,504
No WoW budget changes detected
Mall at Millenia
Orlando, FL
New for FY26 Pipeline
On Schedule On Budget
Key Milestones New project added to dashboard
Construction Start
Sep 1, 2026
GC Substantial Completion
Dec 18, 2026
H/O to Ops
Jan 1, 2027
Grand Opening
Jan 7, 2027
8wk XF Notice — Nov 6, 2026
224 days out
Budget
Finance Approved
TBD
Current Contracted
TBD
Variance
Budget data pending — newly added to dashboard
Completed Projects
Cherry Creek
Denver, CO
Design 2.0 · 5,372 SF
✓ Opened Feb 17, 2026 Under Budget
Final Milestone Dates
Construction Start
Nov 3, 2025
8wk XF Notice
Dec 18, 2025
H/O to Ops
Feb 12, 2026
Grand Opening
Feb 17, 2026
Final Budget
Finance Approved
$3,465,000
Final Contracted
$2,695,194
Variance
−$769,806
Paid to Date
$2,062,962
Follow-up Questions
Action Items & Questions — Week of March 27
1 King Street — Opening in 7 days (Apr 3). Final punch list, fixture deliveries, and LL sign-offs status before H/O to Ops on Mar 30?
Southpark — Construction Start confirmed Mar 27 (today, on schedule). GC mobilized — verify site access and mobilization is proceeding. Downstream milestones unchanged: GC SC Jul 9, H/O Jul 24, GO Jul 30. Monitor for any cascading impact from the prior +4d slip.
2 Woodbury Commons + Corte Madera — 8wk XF Notice due April 20 (24 days). Confirmed turnover date locked for both? Woodbury has jurisdictional review lag; Corte Madera TI permit still outstanding with outside risk to Apr 6.
3 City Creek Center — Delay from prior week (+8–10d) now baselined: CS May 26, GC Sep 14, GO Oct 2. Confirm 18-week construction duration with GC and verify no further schedule risk.
4 Americana at Brand — Largest overrun in portfolio (+$658K). Construction at-risk mobilized 3/16. What's driving the overrun — scope changes, GC overages, or design revisions? Permit status?
5 Mall at Millenia — Budget data still pending. Please confirm Finance Approved amount and current contracted figures for next refresh.