Evanston, IL (July 10, 2008) - Davis Street Land Company continues to add to the luxury retail climate in Palm Desert, Calif., with its development of a new mixed-used center, El Paseo Village, and the expansion of The Gardens on El Paseo.

A September, 2008 ground breaking is planned for El Paseo Village, a 69,500-square-foot retail, restaurant and office enclave located next to Davis Street’s existing shopping center: The Gardens on El Paseo.  El Paseo Village will be home to 10 retailers and restaurants including stores new to the Desert such as Mastro’s Steakhouse, Juicy Couture, Kate Spade, bebe, Lucky Brand Dungarees, and Janie & Jack.  In addition Banana Republic will relocate and expand its existing store from The Gardens on El Paseo to El Paseo Village.

At The Gardens in 2009, Louis Vuitton will be opening its first boutique in the Desert and Saks Fifth Avenue is expanding its existing store by adding 27,000 square feet. The larger Saks Fifth Avenue location will provide the retailer with the much needed additional floor space to feature new designer merchandise.

“We are very pleased to announce the development of El Paseo Village and expansion of The Gardens,” said Robert Perlmutter, managing partner of Davis Street Land Company.  “These will be great additions to the Palm Desert marketplace and illustrate the underlying strength of this particular retail destination during a period when many other retail environments are challenging.”  Davis Street anticipates El Paseo Village will build on the success enjoyed by retailers at The Gardens, which generates sales in excess of $650 per square foot.