Indianapolis — Simon Property Group plans to expand four of its most productive Premium Outlet properties by a total of 450,000 square feet. Construction is scheduled to begin in 2012.
Indianapolis — Simon Property Group, Inc., the country’s largest owner, developer and manager of high quality retail real estate, will expand four of its most productive Premium Outlet properties located in California, Florida, Illinois and Washington. Construction on these expansions is scheduled to begin in 2012.
The four expansions will total an aggregate of 450,000 square feet.
A 140,000-square-foot expansion is planned for Desert Hills Premium Outlets (pictured) in Cabazon, California, which will bring this Southern California retail destination to approximately 640,000 square feet. Located just west of Palm Springs, the center currently has 130 stores and one of the most upscale collections of brands in the outlet industry including Dior, Dolce & Gabbana, Giorgio Armani, Gucci, Jimmy Choo, Prada, Salvatore Ferragamo, Tod’s and Tory Burch.
Widely considered among the most productive outlet centers in the world with sales exceeding $1,300 per square foot, an 80,000-square-foot expansion is planned for Orlando Premium Outlets – Vineland Ave, which will bring this destination shopping venue to approximately 630,000 square feet. The center, located between Walt Disney World and SeaWorld, includes tenants such as Burberry, CH Carolina Herrera, Coach, Cole Haan, DKNY, Fendi, Lacoste, Roberto Cavalli and Theory.
Located in Aurora, Illinois, only 30 miles west of the Loop in Chicago, Chicago Premium Outlets features Ann Taylor, Banana Republic, Gap Outlet, J.Crew, Kate Spade New York, Kenneth Cole, Nike, Polo Ralph Lauren, Sony and Vera Bradley among its 120 stores. After its 130,000-square-foot expansion, the center will total approximately 570,000 square feet.
Seattle Premium Outlets, located 35 miles north of downtown Seattle, will undergo an expansion of 100,000 square feet to become approximately 500,000 square feet. Its collection of 120 stores includes Adidas, BCBG Max Azria, Calvin Klein, Elie Tahari, Joe’s Jeans, Restoration Hardware and Tommy Hilfiger.
Simon Property Group, Inc. currently owns or has an interest in 392 retail real estate properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia. Simon Property Group is headquartered in Indianapolis. For more information, visit www.simon.com.
Simon’s outlet portfolio comprises 69 Premium Outlet Centers® including 57 in the United States, one in Puerto Rico, eight in Japan, two in Korea and one in Mexico.