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Visit us at DestinyUSA.com Join us on Twitter @DestinyUSA and Facebook Destiny USA



Our Momentum Continues                                                                Several new tenants are slated to
                                                                                      open within the existing facility
On January 27, 2012, Destiny USA           Carousel Center sales numbers for          over the coming months, including
secured new financing for the existing     2011 were up 9.6%. In December             the expanded Forever 21 store and
Carousel Center and the expansion.         alone, Carousel posted an increase in      Popeye’s Louisiana Grill.
The $420 million dollar package            sales of 11.6%, versus an industry-wide
includes $310 million to refinance         growth of just 3.3%, according to the       December Sales Increases
Carousel Center and $110 million           International Council for Shopping                                    2010                2011

                                                                                                                              11.6%
for the expansion. This achievement        Centers (ICSC). We continue to
                                                                                         Carousel
was made possible as a result of           outperform the industry as we show             Center                5.5%
the diligent efforts of the Syracuse       growth and strength in a rebounding           Industry
                                                                                         Average                 3.3%                3.8%
Industrial Development Agency              economy.
                                                                                          Source: International Council for Shopping Centers Store
(SIDA) and our lenders.                                                                         Sales Trends 2011 and Carousel Center Sales




Success in                                                                            February 2012 marked four years since
                                                                                      Destiny USA/Carousel Center began


Sustainability
                                                                                       purchasing renewable energy certificates
                                                                                      from Constellation Energy and
                                                                                      Renewable Choice, two Green Power
                                                                                      suppliers. As members of the Green
 On February 6, 2012, Destiny USA            used in construction                     Power Partnership Initiative, Destiny
 received official LEED® Gold •	 276,000 gallons of soy-based bio                     USA/Carousel Center has purchased
 certification from the US Green Building    diesel which fueled the construction     100% Green Power since 2008, which
 Council. We are proud to be the largest     trucks                                   is equal to more than 96 million kilowatt
 LEED® Gold certified super-regional •	 Flooring made of recycled materials           hours of power.
 shopping center in the nation. The hard     from cork, rubber and crushed walnut
 work and dedication of local designers      shells                                   This commitment to green
 and contractors led the way for us to •	 All 100 new tenants inside the facility     energy is equivalent to any one
 reach this significant milestone.           which will also be LEED® certified       of the following:
                                          Two dozen tenants are currently LEED® • Displacing CO2	 emissions from
 Some of Destiny USA’s Green              registered with the USGBC. They                7,420,739 gallons of gasoline consumed.
 initiatives include:                     include Toby Keith’s I Love This Bar and • Removing CO2	 emissions from	 the
•	 Over 90% of all construction materials Grill, Michael Kors, Saks Off 5th, BCBG,       electricity use of 8,253 average
   which were diverted from landfills     The Melting Pot and Brooks Brothers.          American homes for one year.
•	 A rainwater harvesting system will     We continue to work with tenants to • Planting 1,250,000 tree seedlings and
   conserve 4 million gallons of water     help them implement more eco-friendly        growing them for 10 years
   each year                              initiatives into their stores, restaurants, • Taking 12,979 passenger cars off the
•	 23,000 tons of 95% recycled steel      and entertainment venues.                      road for one year
Construction
Progress
Several store build-outs are currently
underway throughout the expansion.
Approximately         one       hundred
construction personnel are working
inside of the expansion each day on
individual stores and common area
spaces. Visitors are welcome to see
construction progress in the wing of the
expansion that is currently open to the
public on the first floor near Carousel                      Current Construction                                Rendering of new entrance

Center’s center atrium.

Over the next several weeks, concrete
panels over the “sneak peek entrance
will be replaced with a glass wall. This
entrance will remain open to the public
during this phase of construction.
                                                                  Approximately 100 construction personnel are on site every day




             Destiny USA’s newest entrance is made of                                 Store buildouts are underway. Visitors have
                      nearly 1 acre of glass                                          the opportunity to watch what’s happening




             Storefront installation is nearing completion                            The Canyon area gives way to natural light

                                                               P|3
Destiny USA in the News LEED
                                                                               Registered
With Spring just around the corner, feature Destiny USA and some of
Central New York is coming back to its exciting new announcements and
life with more sun, plants in bloom and updates.
most importantly, more to do!                                                  Tenants
                                        Our history is as important to us as   •	 Michael Kors
Destiny USA has recently been is our current momentum. The Eagle
highlighted in a number of destination News recently highlighted Destiny       •	 Saks Off 5th
oriented publications alongside USA and its road to success. You
                                                                               •	 BCBG MaxAzria
Syracuse and the Finger Lakes Region. can read all about our social media
Green XC (greenxc.com) featured efforts, our history and our progress at       •	 Gordon Biersch
the Finger Lakes and Destiny USA in theeaglenewsonline.com .
a recent article on things to do. Visit
                                                                               •	 Dress Barn
Syracuse’s Spring Visitor’s Guide will                                         •	 GUESS? Factory Store
                                                                               •	 Wilson’s Leather
                                                                               •	 Toby Keith’s I Love This
                                                                                  Bar and Grill
                                                                               •	 Ecko Unltd
                                                                               •	 Johnston & Murphy
                                                                               •	 Chico’s
                                                                               •	 AJA
                                                                               •	 Brooks Brothers
                                                                               •	 The Melting Pot
                                                                               •	 Hartmann
                                                                               •	 Lenox
                                                                               •	 Cantina Laredo
Where in the world are Destiny USA’s leasing reps?
Leasing reps at Destiny USA travel tirelessly all over                          Each week our leasing team is researching new ideas
the United States, and beyond, to identify possible new                         and is out in the field. In addition to traveling, leasing
businesses to attract to Syracuse. They are constantly                          representatives work to bring potential tenants to
meeting with potential tenants and following up with                            Syracuse so that they can experience Central New York
signed tenants. It is their job to represent Syracuse and                       first-hand. In just this past week alone, Destiny USA has
everything the community has to offer to these new                              hosted businesses from:
stores. Here are some of the most recent cities that our                         •	 Cleveland, OH
leasing reps have visited:                                                       •	 Boston, MA
                                                                                 •	 Houston, TX
 •	   New York City                                                              •	 Lexington, MA
 •	   Niagara Falls                                                              •	 New York City
 •	   Cleveland, OH                                                              •	 Niagara Fall, NY
 •	   Chicago, IL                                                                •	 Newark, New Jersey
 •	   Los Angeles, CA                                                            •	 State College, PA
 •	   Irvine, CA                                                                 •	 San Francisco, CA
 •	   Newark, NJ                                                                 •	 Irvine, CA
 •	   Boston, MA
 •	   Atlanta, GA                                                               Our leasing team
 •	   Miami, FL                                                                 continues to work
 •	   Pigeon Forge, TN                                                          hard to help create the
 •	   Dallas, TX
 •	   Ft. Lauderdale, FL                                                        best shopping, dining and
                                                                                entertainment experience for our visitors.


Learning from our Audience
This spring semester, Destiny USA                        Students have the opportunity to                        at Destiny USA, join us at www.
is working with Syracuse University’s                    work with Destiny USA on a variety                      facebook.com/destinyusa2012         or
School of Information Studies                            of different topics including content/                  follow us on Twitter @DestinyUSA.
(the iSchool) on social media                            blogging, policy and procedure,                         Facebook and Twitter are great ways
development. Professor Anthony                           social networks, and metrics, among                     of reaching out to people and letting
Rotolo’s course “Social Media for the                    others.                                                 them know what’s going on. Your
Enterprise” examines how businesses                                                                              feedback is always welcome.
                                                         To find the most up to date
use social media to raise brand
                                                         information on what’s happening
awareness to inform their audience.




                                                                                                                            Several different activities keep the
                                                                                                                                     students engaged


                                                                                                                rou   gh-
                                                                                                          am th
                                                                                                   r stre
                                                                                               ittess period
                                                                                            tw
                                                                                       their e cla
                                                                                 follow entir
                                                                            ents out the
        Professor                                                      Stud
            to his Aiethony Rotolo as
                     n
                   cl nt usin
                              g the “Sosigns a student
                                       rting Hat”

                                                                           P|4

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March 2012 community update

  • 1. Visit us at DestinyUSA.com Join us on Twitter @DestinyUSA and Facebook Destiny USA Our Momentum Continues Several new tenants are slated to open within the existing facility On January 27, 2012, Destiny USA Carousel Center sales numbers for over the coming months, including secured new financing for the existing 2011 were up 9.6%. In December the expanded Forever 21 store and Carousel Center and the expansion. alone, Carousel posted an increase in Popeye’s Louisiana Grill. The $420 million dollar package sales of 11.6%, versus an industry-wide includes $310 million to refinance growth of just 3.3%, according to the December Sales Increases Carousel Center and $110 million International Council for Shopping 2010 2011 11.6% for the expansion. This achievement Centers (ICSC). We continue to Carousel was made possible as a result of outperform the industry as we show Center 5.5% the diligent efforts of the Syracuse growth and strength in a rebounding Industry Average 3.3% 3.8% Industrial Development Agency economy. Source: International Council for Shopping Centers Store (SIDA) and our lenders. Sales Trends 2011 and Carousel Center Sales Success in February 2012 marked four years since Destiny USA/Carousel Center began Sustainability purchasing renewable energy certificates from Constellation Energy and Renewable Choice, two Green Power suppliers. As members of the Green On February 6, 2012, Destiny USA used in construction Power Partnership Initiative, Destiny received official LEED® Gold • 276,000 gallons of soy-based bio USA/Carousel Center has purchased certification from the US Green Building diesel which fueled the construction 100% Green Power since 2008, which Council. We are proud to be the largest trucks is equal to more than 96 million kilowatt LEED® Gold certified super-regional • Flooring made of recycled materials hours of power. shopping center in the nation. The hard from cork, rubber and crushed walnut work and dedication of local designers shells This commitment to green and contractors led the way for us to • All 100 new tenants inside the facility energy is equivalent to any one reach this significant milestone. which will also be LEED® certified of the following: Two dozen tenants are currently LEED® • Displacing CO2 emissions from Some of Destiny USA’s Green registered with the USGBC. They 7,420,739 gallons of gasoline consumed. initiatives include: include Toby Keith’s I Love This Bar and • Removing CO2 emissions from the • Over 90% of all construction materials Grill, Michael Kors, Saks Off 5th, BCBG, electricity use of 8,253 average which were diverted from landfills The Melting Pot and Brooks Brothers. American homes for one year. • A rainwater harvesting system will We continue to work with tenants to • Planting 1,250,000 tree seedlings and conserve 4 million gallons of water help them implement more eco-friendly growing them for 10 years each year initiatives into their stores, restaurants, • Taking 12,979 passenger cars off the • 23,000 tons of 95% recycled steel and entertainment venues. road for one year
  • 2. Construction Progress Several store build-outs are currently underway throughout the expansion. Approximately one hundred construction personnel are working inside of the expansion each day on individual stores and common area spaces. Visitors are welcome to see construction progress in the wing of the expansion that is currently open to the public on the first floor near Carousel Current Construction Rendering of new entrance Center’s center atrium. Over the next several weeks, concrete panels over the “sneak peek entrance will be replaced with a glass wall. This entrance will remain open to the public during this phase of construction. Approximately 100 construction personnel are on site every day Destiny USA’s newest entrance is made of Store buildouts are underway. Visitors have nearly 1 acre of glass the opportunity to watch what’s happening Storefront installation is nearing completion The Canyon area gives way to natural light P|3
  • 3. Destiny USA in the News LEED Registered With Spring just around the corner, feature Destiny USA and some of Central New York is coming back to its exciting new announcements and life with more sun, plants in bloom and updates. most importantly, more to do! Tenants Our history is as important to us as • Michael Kors Destiny USA has recently been is our current momentum. The Eagle highlighted in a number of destination News recently highlighted Destiny • Saks Off 5th oriented publications alongside USA and its road to success. You • BCBG MaxAzria Syracuse and the Finger Lakes Region. can read all about our social media Green XC (greenxc.com) featured efforts, our history and our progress at • Gordon Biersch the Finger Lakes and Destiny USA in theeaglenewsonline.com . a recent article on things to do. Visit • Dress Barn Syracuse’s Spring Visitor’s Guide will • GUESS? Factory Store • Wilson’s Leather • Toby Keith’s I Love This Bar and Grill • Ecko Unltd • Johnston & Murphy • Chico’s • AJA • Brooks Brothers • The Melting Pot • Hartmann • Lenox • Cantina Laredo
  • 4. Where in the world are Destiny USA’s leasing reps? Leasing reps at Destiny USA travel tirelessly all over Each week our leasing team is researching new ideas the United States, and beyond, to identify possible new and is out in the field. In addition to traveling, leasing businesses to attract to Syracuse. They are constantly representatives work to bring potential tenants to meeting with potential tenants and following up with Syracuse so that they can experience Central New York signed tenants. It is their job to represent Syracuse and first-hand. In just this past week alone, Destiny USA has everything the community has to offer to these new hosted businesses from: stores. Here are some of the most recent cities that our • Cleveland, OH leasing reps have visited: • Boston, MA • Houston, TX • New York City • Lexington, MA • Niagara Falls • New York City • Cleveland, OH • Niagara Fall, NY • Chicago, IL • Newark, New Jersey • Los Angeles, CA • State College, PA • Irvine, CA • San Francisco, CA • Newark, NJ • Irvine, CA • Boston, MA • Atlanta, GA Our leasing team • Miami, FL continues to work • Pigeon Forge, TN hard to help create the • Dallas, TX • Ft. Lauderdale, FL best shopping, dining and entertainment experience for our visitors. Learning from our Audience This spring semester, Destiny USA Students have the opportunity to at Destiny USA, join us at www. is working with Syracuse University’s work with Destiny USA on a variety facebook.com/destinyusa2012 or School of Information Studies of different topics including content/ follow us on Twitter @DestinyUSA. (the iSchool) on social media blogging, policy and procedure, Facebook and Twitter are great ways development. Professor Anthony social networks, and metrics, among of reaching out to people and letting Rotolo’s course “Social Media for the others. them know what’s going on. Your Enterprise” examines how businesses feedback is always welcome. To find the most up to date use social media to raise brand information on what’s happening awareness to inform their audience. Several different activities keep the students engaged rou gh- am th r stre ittess period tw their e cla follow entir ents out the Professor Stud to his Aiethony Rotolo as n cl nt usin g the “Sosigns a student rting Hat” P|4