BGM
BGM NY
SKIMS Retail Rollout — Program Tracker
Week of March 30, 2026
Compared to April 3 4:08 PM UTC build
Last updated: April 5, 2026 12:00 PM UTC (scheduled refresh) · Data: Smartsheet + FY26 CAPEX Rollup
Overall Capex Health — FY26 Portfolio
16
Active Projects
$3.0M
Under Approved Capex (net)
7
Projects Over Budget
9
On / Under Budget
2
8wk XF Notices Due ≤30 Days
4
Schedule Changes This Week
—
Excess Approved Funds
—
Total Finance Approved
—
Total Contingency
—
Total Projected Cost
Budget Composition — 15 USD Projects
9 On/Under Budget 7 Over Budget · Last budget edit: Marshall Ryan · Mar 23, 2026
⚑ Attention: Loading attention items…  ·  Americana at Brand overrun: +$658K (largest in portfolio)
Active Projects — Smartsheet Schedule Order
King Street
Charleston, SC
Design 2.0 · 7,100 SF
✓ Opened Apr 3 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 ✓ Done
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
H/O to Ops Mar 30 (complete). Grand Opening Apr 3 (today).
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Woodbury Commons
Central Valley, NY
Outlet · 5,413 SF
On Schedule On Budget 8wk XF in 15 days
Key Milestones No schedule changes this cycle
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 (15 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
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Village at Corte Madera
Corte Madera, CA
Design 2.2 VEVE · 3,628 SF
On Schedule Over Budget 8wk XF in 15 days
Key Milestones ⚡ H/O reverted +3d this cycle
Construction Start
Feb 23, 2026
GC Substantial Completion
May 29, 2026
H/O to Ops
Jun 12→Jun 15, 2026+3d
Grand Opening
Jun 19, 2026
⚑ 8wk XF Notice — Due April 20, 2026 (15 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.
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Fashion Valley
San Diego, CA
Design 2.0 · 6,132 SF
On Schedule On Budget
Key Milestones ⚡ H/O reverted +3d this cycle
Construction Start
Mar 9, 2026
GC Substantial Completion
Jun 19, 2026
H/O to Ops
Jul 3→Jul 6, 2026+3d
Grand Opening
Jul 10, 2026
8wk XF Notice — May 11, 2026
36 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
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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
43 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
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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
46 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.
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Regent Street
London, UK
Flagship · 12,122 SF · GBP
On Schedule On Budget (£)
Key Milestones ⚡ H/O reverted +1d this cycle
Construction Start
Jan 7, 2026
GC Substantial Completion
Jun 19, 2026
H/O to Ops
Jul 8→Jul 9, 2026+1d
Grand Opening
Jul 23, 2026
8wk XF Notice — May 13, 2026
38 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
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Southpark
Charlotte, NC
Design 2.1 VE · 5,572 SF
On Schedule Over Budget
Key Milestones ⚡ H/O reverted +3d this cycle
Construction Start
Mar 23, 2026
GC Substantial Completion
Jul 10, 2026
H/O to Ops
Jul 24→Jul 27, 2026+3d
Grand Opening
Jul 31, 2026
8wk XF Notice — Jun 1, 2026
57 days out
Construction mobilized Mar 23. H/O Jul 27 (was Jul 24, +3d revert). GO Jul 31. XF notice Jun 1.
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
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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
120 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
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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
113 days out
Potential opportunity to reduce construction duration from 16+2 to 14+2 weeks. Evaluate avenues to recover schedule.
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
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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
127 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
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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
131 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
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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
137 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
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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
148 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
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Country Club Plaza
Kansas City, MO
Design 2.1 VE · 5,300 SF
On Schedule On Budget
Key Milestones No schedule changes this cycle (prior reversion baselined)
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
180 days out
Dates baselined at reverted schedule. CS Aug 7, GO Dec 4. Confirm possession timing and opportunity to move in. Express permitting under review.
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
215 days out
Budget
Finance Approved
TBD
Current Contracted
TBD
Variance
—
Budget data pending — newly added to dashboard
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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
📁 Drive 📅 Schedule 📈 Budget
Follow-up Questions
Action Items & Questions — Week of March 30
1 King Street — Grand Opening today (Apr 3). H/O to Ops complete (Mar 30). Confirm final punch list cleared, fixture deliveries complete, and LL sign-offs received.
2 Woodbury Commons + Corte Madera — 8wk XF Notice due April 20 (17 days). Corte Madera H/O pulled in 3d (now Jun 12). TI permit still outstanding. Woodbury experiencing minor lag in jurisdictional review. Action required: confirm turnover dates with XF partners by Apr 20.
3 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?
4 Country Club Plaza — ⚡ Dates reverted to original schedule: CS back to Aug 7 (+7d), GO back to Dec 4 (+7d). Prior cycle's pull-in no longer reflected in Smartsheet. XF Notice Oct 2 (182 days). Confirm possession timing and express permitting status.
5 Mall at Millenia — Budget data still pending. Please confirm Finance Approved amount and current contracted figures for next refresh.
6 5 schedule changes detected — H/O dates pulled in 1–3d on Corte Madera, Fashion Valley, Regent Street, Southpark. Country Club Plaza dates reverted to original schedule (+4–7d). Next nearest milestones: King Street GO Apr 3 (today), Woodbury/Corte Madera XF Apr 20.
Data Sources: Smartsheet Key Milestone Schedule (ID: 2361935468121988) · FY26 Store Development Pipeline CAPEX Tracker (Google Sheets, tab: FY26 CAPEX FORECAST) · Week-over-week comparison: April 3 13:10 → April 3 16:08 UTC (scheduled refresh), 2026. Auto-refreshed: April 3, 2026 (v2.1.20).
Budget note: Contracted amounts are IMPORTRANGE pulls from an external source spreadsheet. Last overall edit: Marshall Ryan · March 23, 2026. Individual invoice/CO line items are not visible in the summary tab — verify in source sheet for granular WoW changes.
Schedule note: All milestone dates reflect ACTUAL values from Smartsheet. No planned/baseline dates shown.
This dashboard is regenerated automatically and emailed to brett.gower@bgm-ny.com.
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