Village at Corte MaderaCorte Madera, CADesign 2.2 VEVE · 3,628 SFmet etaspan class="badge b-over >Over Budgetmet etaspan class="badge b-xf-soon">8wk XF int24 daysmet a/divKey Milestones No schedule changes this weekConstruction StartFeb 23, 2026GC Substantial CompletionMay 29, 2026H/O to OpsJun 15, 2026Grand OpeningJun 19, 2026⚑ 8wk XF Notice — Due April 20, 2026 (24 days)a/divAction Required: Confirm turnover date with XF partners by Apr 20a/divConstruction 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 4/6a/divBudget

Finance Approved$2,498,000

Current Contracted$2,550,997

Variance

Paid to Date$804,056

Contingency$110,418No WoW budget changes detected⚑ Double risk: TI permit delay + budget overrun. Monitor permit status daily heading into 8wk XF.a/div📁 Drive📅 Schedule📈 Budget

Fashion ValleySan Diego, CADesign 2.0 · 6,132 SFmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartMar 9, 2026GC Substantial CompletionJun 19, 2026H/O to OpsJul 6, 2026Grand OpeningJul 10, 20268wk XF Notice — May 11, 202645 days outa/divConfirm construction duration once contract schedule receivedBudget

Finance Approved$4,600,000

Current Contracted$3,273,292

Variance−$1,326,708

Paid to Date$873,767

Contingency$0No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Fashion Squarea/divScottsdale, AZDesign 2.1 VE · 3,500 SFmet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this weekConstruction StartMar 9, 2026GC Substantial CompletionJun 29, 2026H/O to OpsJul 13, 2026Grand OpeningJul 17, 20268wk XF Notice — May 18, 202652 days outa/divPermit approved 1/29 — P-sheets missing pushed issuance to ~3/12. Confirm permit in hand.a/divBudget

Finance Approved$2,245,000

Current Contracted$2,330,880

Variance

Paid to Date$411,270

Contingency$225,861No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Americana at Branda/divGlendale, CADesign 2.1 VE · 7,089 SFmet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this weekConstruction StartMar 16, 2026GC Substantial CompletionJul 2, 2026H/O to OpsJul 16, 2026Grand OpeningJul 22, 20268wk XF Notice — May 21, 202655 days outa/divConstruction mobilized at risk as of 3/16 — tracking late permit approval/issuancea/divBudget

Finance Approved$3,300,000

Current Contracted$3,613,334

Variance

Paid to Date$675,833

Contingency$344,894No WoW budget changes detected⚑ Largest overrun in portfolio (+$658K). Construction at-risk mobilized — review scope change log.a/div📁 Drive📅 Schedule📈 Budget

Regent StreetLondon, UKFlagship · 12,122 SF · GBPmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartJan 7, 2026GC Substantial CompletionJun 19, 2026H/O to OpsJul 9, 2026Grand OpeningJul 23, 20268wk XF Notice — May 13, 202647 days outa/divBudget (GBP — tracked separately)

Finance Approved£7,200,000

Current Contracted£6,596,827

Variance−£132,493

Paid to Date£1,420,793

Contingency£470,680No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

SouthparkCharlotte, NCDesign 2.1 VE · 5,572 SF⬤ CS Started Todaymet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this week · CS confirmed Mar 27Construction StartMar 27, 2026GC Substantial CompletionJul 9, 2026H/O to OpsJul 24, 2026Grand OpeningJul 30, 20268wk XF Notice — May 29, 202663 days outa/divConstruction mobilized today — XF notice date May 29 per current scheduleBudget

Finance Approved$3,324,000

Current Contracted$3,102,236

Variance

Paid to Date$114,417

Contingency$306,907No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

City Creek CenterSalt LaketCity, UTDesign 2.1 VE · 4,167 SFmet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this week (delay from 3/25 baselined)Construction StartMay 26, 2026GC Substantial CompletionSep 14, 2026H/O to OpsSep 28, 2026Grand OpeningOct 2, 20268wk XF Notice — Aug 3, 2026129 days outa/divMilestones shifted +8–10d in prior week (prev. Jul 24 XF) now baselined. Confirm 18-week construction duration with GC.a/divBudget

Finance Approved$2,476,878

Current Contracted$2,281,886

Variance

Paid to Date$35,895

Contingency$228,189No WoW budget changes detected · Smallest overrun in portfolio — may be resolvable📁 Drive📅 Schedule📈 Budget

La CanteraSan Antonio, TXDesign 2.1 VE · 3,874 SFmet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this weekConstruction StartJun 1, 2026GC Substantial CompletionSep 7, 2026H/O to OpsSep 21, 2026Grand OpeningSep 25, 20268wk XF Notice — Jul 27, 2026122 days outa/div+3d shift from 3/24 now baselined. Evaluate avenues to reduce 14+2 week construction duration to recover.a/divBudget

Finance Approved$2,464,458

Current Contracted$2,333,623

Variance

Paid to Date$35,385

Contingency$233,362No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Broadway PlazaWalnut Creek, CADesign 2.1 VE · 4,500 SFmet etaspan class="badge b-over >Over Budgetmet a/divKey Milestones No schedule changes this weekConstruction StartJun 1, 2026GC Substantial CompletionSep 21, 2026H/O to OpsOct 5, 2026Grand OpeningOct 9, 20268wk XF Notice — Aug 10, 2026136 days outa/divEvaluate avenues to reduce 14-week duration. Confirm demo permit + ability to progress work up to first inspection.a/divBudget

Finance Approved$3,600,000

Current Contracted$3,391,086

Variance

Paid to Date$143,459

Contingency$331,924No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Las Vegas North OutletsLas Vegas, NVOutlet · 5,811 SFmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartJul 6, 2026GC Substantial CompletionSep 25, 2026H/O to OpsOct 9, 2026Grand OpeningOct 15, 20268wk XF Notice — Aug 14, 2026140 days outa/divEvaluate early possession upon permit application — checking with Genesis 2/23Budget

Finance Approved$3,585,086

Current Contracted$3,189,249

Variance−$76,912

Paid to Date$97,130

Contingency$318,925No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

SeaportBoston, MADesign 2.2 VEVE · 3,902 SFmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartJun 16, 2026GC Substantial CompletionOct 1, 2026H/O to OpsOct 15, 2026Grand OpeningOct 21, 20268wk XF Notice — Aug 20, 2026146 days outa/divDiscuss budgeted opening date with FinanceBudget

Finance Approved$3,573,000

Current Contracted$3,128,097

Variance−$157,334

Paid to Date$123,250

Contingency$287,569No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Prudential CenterBoston, MADesign 2.1 VE · 5,000 SFmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartJun 22, 2026GC Substantial CompletionOct 12, 2026H/O to OpsOct 26, 2026Grand OpeningOct 30, 20268wk XF Notice — Aug 31, 2026157 days outa/divClarify with ADG the contents of bid set anticipated 3/12Budget

Finance Approved$4,530,000

Current Contracted$3,999,023

Variance−$16,735

Paid to Date$126,353

Contingency$514,242No WoW budget changes detected📁 Drive📅 Schedule📈 Budget

Country Club PlazaKansastCity, MODesign 2.1 VE · 5,300 SFmet etaspan class="badge b-ontrack"met a/divKey Milestones No schedule changes this weekConstruction StartAug 7, 2026GC Substantial CompletionNov 5, 2026H/O to OpsNov 27, 2026Grand OpeningDec 4, 20268wk XF Notice — Oct 2, 2026189 days outa/divConfirm possession timing — evaluate opportunity to align to 10/1 budgeted opening. Investigate express permitting.a/divBudget

Finance Approved$3,498,843

Current Contracted$3,015,036

Variance−$182,303

Paid to Date$2,500

Contingency$301,504No WoW budget changes detected

Mall at MilleniaOrlando, FLNew for FY26 Pipelinemet etaspan class="badge b-ontrack"met a/divKey Milestones New project added to dashboardConstruction StartSep 1, 2026GC Substantial CompletionDec 18, 2026H/O to OpsJan 1, 2027Grand OpeningJan 7, 20278wk XF Notice — Nov 6, 2026224 days outa/divBudget

Finance ApprovedTBD

Current ContractedTBD

Variance—Budget data pending — newly added to dashboard📁 Drive📅 Schedule

Completed ProjectsCherry CreekDenver, CODesign 2.0 · 5,372 SF✓ Opened Feb 17, 2026met etetaspan class="badge b-ontrack"met eta/divFinal Milestone DatesConstruction StartNov 3, 20258wk XF NoticeDec 18, 2025H/O to OpsFeb 12, 2026Grand OpeningFeb 17, 2026Final 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 QuestionsAction Items & Questions — Week of March 27met etaspan>aspan class="fu-proj">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?met a/divmet etaspan>aspan class="fu-proj">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.met a/divmet etaspan>aspan class="fu-proj">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.met a/divmet etaspan>aspan class="fu-proj">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.met a/divmet etaspan>aspan class="fu-proj">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?met a/divmet etaspan>aspan class="fu-proj">Mall at Millenia — Budget data still pending. Please confirm Finance Approved amount and current contracted figures for next refresh.met a/div

Data Sources:metSmartsheet Key Milestone Schedule (ID: 2361935468121988) ·metFY26 Store Development Pipeline CAPEX Tracker (Google Sheets, tab:tFY26 CAPEX FORECAST) ·metWeek-over-week comparison: March 23 → March 27, 2026. Auto-refreshed: March 27, 2026.Budget =oti: Contracted amounts are IMPORTRANGE pulls from an external source spreadsheet. Last overall edit: Marshall Ryan · March 23, 2026.metIndividual invoice/CO line items are =ot visible in the summary tab — verify in source sheet for granular WoW changes.Schedule =oti: All milestone dates reflect ACTUAL values from Smartsheet. No planned/baseline dates shown.📁 Drive📅 Schedule📈 Budget