Simon announces several new developments |
INDIANAPOLIS, June 8, 2022 /PRNewswire/ — Simon is pleased to announce the following new developments in key US growth markets and the expansion of Woodbury Common Premium Outlets:
- New York – Simon is pleased to announce the fifth phase of expansion of its famous and industry-leading Woodbury Common Premium Outlets, located in the Hudson Valley town of Woodburyin the north of New York City. Woodbury Common Premium Outlets, one of the world’s most successful premier outlets, attracts over 13 million people from around the world each year and is home to over 250 of the biggest names in fashion, all with significant daily savings . The next phase will include approximately 160,000 square feet of exciting new stores, additional parking, amenities and two hotels. Construction is expected to begin in 2024.
- Los Angeles, California – Simon has reached an agreement in principle with the City of Carson and its CRA to take over the development of a 400,000 square foot high-end fashion store and value center, which will be located along the heavily trafficked I-405 freeway. This prestigious and attractive location will serve more than 2.5 million residents within a 10-mile radius and is just 11 miles from LAX, one of the nation’s busiest airports. This center will complement Simon’s other well-known value-oriented offerings in the greater Los Angeles market, including Desert Hills Premium Outlets, Camarillo Premium Outlets and Outlets at Orange. Work on the 40-acre site is set to begin this year, with an opening scheduled for 2024.
- Nashville, TN – Simon will develop a high-end luxury Premium Outlet, located in the dynamic district Nashville metropolitan area in partnership with Adventurous Journeys (AJ) Capital Partners. The center will feature approximately 300,000 square feet of premium retailers and restaurants, similar to its other world-class outlets, including Woodbury Common Premium Outlets in New York and Desert Hills Premium Outlets at California. The development will be located in the high-income southern area of the market, capitalizing on the region’s phenomenal growth, and will complement the existing highly successful local properties of Simon, The Mall at Green Hills and Mills of Opry. Situated at Nashville, AJ Capital Partners has carefully developed distinct hotel projects in the market, including Thompson Nashville, Soho House Nashville and Graduate Nashville. Additionally, AJ is in the midst of a 23-acre, multi-phase, mixed-use urban neighborhood redevelopment in Wedgewood Houston that currently and will continue to offer creative office, retail, residential and office offerings. welcome to the community. Construction is expected to begin in 2023.
- Tulsa, Oklahoma – Simon will take over the development of Tulsa Premium Outlets, located in Jenks, Oklahoma, off I-75 along Riverside Parkway in 2022. This rapidly growing and thriving market is well positioned for Simon’s vision of value-driven shopping and will serve as a regional attraction for all of the greater four-state region. The center will be approximately 330,000 square feet and will have nearly 100 retailers offering exceptional brands at extraordinary prices. The official opening is scheduled for 2024.
“We are excited to bring these compelling new projects to serve their markets, and they will provide the combination of quality, variety and value that retailers and consumers have come to know and expect from Simon,” said david simonCEO and President of Simon.
These exciting new developments will join Simon’s industry-leading properties around the world and help meet today’s successful retailers with additional opportunities to serve customers. Additionally, Simon Centers contribute to their local economies by creating thousands of local jobs and improving the tax base.
About Simon Premium Outlets
The Global Simon Premium Outlets offers exceptional brands at extraordinary savings through a diverse mix of luxury, designer and homeware retailers. Our Simon Premium points of sale in United States, Porto Rico, Canada, Japan, Malaysia, Mexico, South Korea and Thailand are among the most iconic and productive shopping destinations for residents and travelers alike, including Woodbury Common Premium Outlets, Orlando International Premium Outlets, High end Desert Hills outlets, Las Vegas North Premium Outlets and Wrentham Village Premium Outlets. For more information, follow Premium Outlets on Facebook, Twitterand instagram
About Adventurous journeys Capital partners
Adventurous Journeys (AJ) Capital Partners, based in Nashville, is an accomplished team of real estate and hospitality professionals whose innate passion is to cultivate a one-of-a-kind portfolio of vibrant communities and timeless assets. AJ Capital Partners’ experience is rooted in the progressive and creative application of its deeply rooted hospitality expertise across multiple real estate categories, including mixed-use, hotel, office, multi-family and retail. detail. Counterculture professionals acquire, design and develop transformative real estate across the US and UK Nashville, AJ Capital Partners is embarking on a multi-phase mixed-use project in the Wedgewood Houston neighborhood that will bring creative office, retail, residential and hospitality offerings to the community. More recently, the company acquired 22 acres of land in Miami Little River neighborhood, encompassing over 300,000 square feet of retail space, which will be thoughtfully developed through adaptive reuse, substantial streetscape and accessible core development. AJ Capital Partners also launched and owns Graduate Hotels®, a collection of handcrafted hotels in college communities internationally, as well as Marine & Lawn Hotels & Resorts, a collection of bespoke properties in the most popular golf destinations. distinguished in the world. For more information about AJ Capital Partners, please visit www.ajcpt.com.
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