Simon plans $170 million renovation, expansion of Woodbury Common
Indianapolis -- Simon Property Group announced that it plans to enhance and expand Woodbury Common Premium Outlets, in Central Valley, N.Y. The $170 million project will include architectural improvements to existing buildings and the development of new retail spaces and facilities, landscape improvements, and the integration of new customer amenities.
With average sales in excess of $1,555 per square foot and annual sales exceeding $1.3 billion, Woodbury Common is regarded as one of the most productive shopping destinations in the world. Built in 1985 with additional retail space added throughout the nineties, the center will be expanding with a net gross leasable area of 60,000 sq. ft., for a total of approximately 240 stores and over 900,000 sq. ft.
The food court will be relocated and renamed Market Hall providing an accessible and architecturally distinct building at the entrance of the center. New retail space will replace the current food court and will feature prominent designer brands. To better serve the large numbers of domestic and international shoppers, including tour groups, a new Welcome Center will be added including new pick-up and drop-off areas for tour buses and public transit bus traffic.
Enhancements to the center will include: new facades and roof renovations of existing buildings; new landscaping throughout the entire property; new hardscape for all walkways and common pedestrian areas; new seating areas and site amenities such as fountains and fireplaces; rehabilitation of all existing restrooms and new restrooms. A New York State-theme will be highlighted throughout the center with the creation of six shopping 'districts,' named after well-known regions within the state -- Hudson Valley, Adirondacks, Hamptons, Madison Avenue, Saratoga and Niagara – orienting shoppers throughout the property.
Realignment of the center's roadway system will improve traffic flow into, out of and within the center. A four-level parking structure will provide increased parking availability.