simon property group inc (SPG) Key Developments
Simon Property Group Announces Town Center At Sawgrass, New Full-Price, Lifestyle Shopping Destination at Sawgrass Mills
Jun 9 15
Simon Property Group announced plans to yet again expand the value, outlet and entertainment center, Sawgrass Mills, by adding a full-price component, Town Center at Sawgrass. Sawgrass Mills is the most productive retail project in the State of Florida. The open air Colonnade at Sawgrass, an unequaled collection of designer outlets at Sawgrass Mills, is in the process of being expanded for the third time and will be completed in March of 2016. The Oasis at Sawgrass, the dining, entertainment and retail open air component at Sawgrass Mills, will be undergoing a massive upgrade in 2016. Together with the enclosed portion of Sawgrass with hundreds of additional retailers and food offerings, Sawgrass Mills is the retail real estate venue in all of Florida. Both consumers and retailers requested that Sawgrass Mills create a third open air component to provide a venue for full price shopping. Town Center at Sawgrass will provide that opportunity with a selection of retailers and restaurants and will be centered on an inviting plaza ideal for community gatherings and events. Town Center at Sawgrass will be easily accessible from both Flamingo and Sunrise Boulevards and will be flanked by four new sit-down restaurants and a new parking deck able to accommodate 2,000 vehicles. At Town Center at Sawgrass, both the pedestrian and vehicular circulation patterns will be fully integrated into the Sawgrass Mills complex. When complete in the fall of 2018, Town Center at Sawgrass will add approximately 25 new full-price retailers in 118,000 square feet of space. Construction on what is certain to be another Simon South Florida retail landmark is slated to begin in early 2017.
Simon Property Opens 25-Store Expansion of Las Vegas North Premium Outlets
Jun 8 15
Simon Property Group Inc., or SPG has opened a 25-store expansion of Las Vegas North Premium Outlets. Las Vegas North Premium Outlets, located at the intersection of Interstate 15 and Charleston Boulevard, is in the country with 175 stores offering everyday savings of 25% to 65%. The expansion features high-quality designer and name brands including: Neiman Marcus Last Call Studio, Saks Fifth Avenue Off 5th, AG Adriano Goldschmied, AllSaints, Bally, Canali, Catimini, CH Carolina Herrera, Citizen, Helmut Lang, John Varvatos, Rag & Bone, Under Armour, and Vera Bradley. The Cheesecake Factory is also bringing it's renowned menu and service to the expansion area of Las Vegas North Premium Outlets with an 8,200 square foot restaurant that will augment the already significant food offerings available at the property.
Tanger Factory Outlet Centers, Inc. and Simon Announce Ground Breaking of New Outlet Center in Columbus
Jun 3 15
Tanger Factory Outlet Centers Inc. announced the start of construction on a new outlet location serving the Delaware County area in Columbus. The new fashion destination will create approximately 350,000 square feet of retail space and feature over 80 upscale brand name and designer outlet retailers. The new outlet center, a joint venture between Tanger Factory Outlet Centers Inc. and Simon will be located at the Routes 36/37 interchange off Interstate 71. The new development project will create over 400 jobs during the construction phase and over 900 full and part-time jobs once the center opens in 2016. The joint venture will be co-owned by Tanger and Simon; Tanger will provide management services and marketing to the joint venture. Both companies will provide leasing services.
Simon Property Group Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015
May 23 15
Simon Property Group Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.
Simon Property Group Inc. Declares Quarterly Common Stock Dividend, Payable on May 29, 2015
Apr 24 15
Simon Property Group Inc.'s board declared a quarterly common stock dividend of $1.50 per share, up $0.10, or 7.1%, from the previous quarter. The dividend will be payable on May 29 to stockholders of record on May 15.