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Simon Development Highlights

Fall 2016 Edition

· Development News,Simon Brand

By the end of 2016's first quarter, development ventures were underway at 33 Simon properties in the U.S. and Europe encompassing at all three of its property types – Simon Regional, The Mills and Premium Outlets - totaling approximately $2 billion.

As the Holiday season approaches, growth continues to remain steadfast as Simon continues with its transformational expansions, selective new developments, and acquisitions; making way for more partner relationships with compelling tenant rosters including a high/low mix of new and multiplying retailer and restaurant brands and price-points.

"We are very optimistic about our business and bullish on malls," said David Simon, Chairman and Chief Executive Officer. "We continue to deploy capital in our most powerful assets and develop new centers that will be strong economic engines for their markets."

Take a look below to see some exciting highlights from 2016:

Enhancement Project To Commence at Ingram Park Mall

San Antonio, TX (October 2016)-- Simon announces significant interior and exterior renovations at Ingram Park Mall. From the application of modernized color palettes to a dining area expansion, substantial upgrades are expected to elevate the customer experience. (...Keep Reading)

Stanford Shopping Center Announces Hermès and Cartier Joining Exclusive Retail Roster

Palo Alto, CA (September 2016)-- Simon's Stanford Shopping Center is further elevating the shopping experience at this premier shopping destination with the impending arrivals of high-fashion retailers slated to launch in late 2017 or 2018. (...Keep Reading)

Clarksburg Premium Outlets Announces First Lineup of Brands Set To Join in October 2016

Clarksburg, MD (August 2016)-- A joint development venture brings the world’s most recognized and popular brand of upscale outlet shopping to Washington D.C.’s Metropolitan area meets energy-saving standards as well as luxurious ones with over 90 new retailers to reside at the center. (...Keep Reading)

King of Prussia Opens 155,000-Square-Foot Expansion

King of Prussia, PA (August 2016)-- The East Coast’s largest shopping center debuts new connecting corridor; 450 retail and dining options now under one roof, elevating the second-largest shopping center in the United States. (...Keep Reading)

New Retailers Set to Open at Fashion Centre at Pentagon City

Arlington, VA (June 2016)-- World-renowned fashion retailer, a relocated Coach and more provide "a vibrant mix" of options at the Fashion Centre at Pentagon City; just in time for summer shopping. (...Keep Reading)

Chicago Premium Outlets® Celebrates Grand Re-Opening With Announcement Of More Retail Standouts Coming Soon

Aurora, IL (June 2016)-- Following August 2015’s multi-million dollar expansion, increasing the footprint of the popular center by more than half, high-profile retailers continue to open new stores before year-end, making this shopping center a strong component in the local economic development and “Seize the Future” initiative. (...Keep Reading)

Allen Premium Outlets Unveils Highly-Anticipated Expansion Details

Allen, TX (June 2016)-- A dramatic expansion, expected to include an estimated 30 new specialty retailers, enhancing the center’s experience as well as supporting the community’s affluent value and global tourism destination. (...Keep Reading)

Simon Breaks Ground on Norfolk Premium Outlets

Norfolk, VA (June 2016)-- A Multi-million dollar outlet center will boast approximately 85 high-quality designer and name brand retailers. Slated to open in 2017, there will be 332,000 square feet of lease-able space and provide 500 construction jobs and 800 full and part-time jobs when complete. (...Keep Reading)

The Galleria Announces Retailer Updates and Happenings for Summer 2016​

Houston, TX (June 2016)-- New retailers, renovations, expansions and noteworthy happenings at The Galleria. (...Keep Reading)

Simon Property Group And Invesco Real Estate Complete Purchase Of The Shops At Crystals

Indianapolis, ID (April 2016)-- Simon will lease and manage the acquired $1.1 billion purchase made in a joint venture of the stunning luxury retail property located in the heart of the Las Vegas strip. (...Keep Reading)

Comprehensive Stanford Shopping Center Transformation Nearing Completion

Palo Alto, CA (April 2016)-- Simon has significantly enhanced the retail environment of the Stanford shopping Center with their new and exclusive roster, continuing to cater to the demographic of residents and visitors alike for nearly sixty years. (...Keep Reading)

Ontario Mills Announces Grand Opening of Fashion Alley and New Diverse Retail Lineup

Ontario, CA (April 2016)-- California’s largest outlet and retail shopping center unveils its new expanded area called Fashion Alley as well as a variety of name brand outlet stores to join the 80,000 square foot addition. (...Keep Reading)

Brickell City Centre

Miami, FL (January 2016)-- Partnered developers for Miami’s soon-to-come luxury shopping and dining destination have announced a long-running list of retail tenants set to join the 500,000 square-foot, open-air shopping center under construction in the heart of Brickell. (...Keep Reading)

Roosevelt Field to Welcome More Exclusive Brands in 2016

Garden City, NY (January 2016)-- Roosevelt Field kicked off 2016 by announcing six retailers that joined the iconic property’s retail mix in its brand-new two-level expansion wing. The launching of the new wing was anchored by Long Island’s first Neiman Marcus which opened on February 19th. (...Keep Reading)

The Outlets at Orange Announces Expansion Efforts​

Orange, CA (February 2015 )-- Orange County's Premiere shopping destination gears for rapid growth upon adding 60,000 square feet of new retail space with an estimated 12 additional brand-name outlet stores. (...Keep Reading)

New Luxury Retailers Debut This Holiday Season as Part of The Colonnade Outlets Expansion at Sawgrass Mills

Sunrise, FL (October 2015)-- The Colonnade Outlets at Sawgrass Mills welcomes its first new tenants as part of the luxury shopping area’s most recent expansion. (...Keep Reading)

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