Simon: Second Premium Outlet Center will open in Canada
Indianapolis -- Simon Property Group, along with Calloway REIT and SmartCentres, have announced plans to develop their second Premium Outlet Center in Canada.
The center will be located in the Town of Mirabel, Quebec, approximately 20 miles north of Montreal. The project, called Montreal Premium Outlets, is a joint venture between Simon, Calloway and SmartCentres. Simon will own 50% of the project.
Phase 1, slated to launch construction in 2013, will be comprised of 350,000 sq. ft. of GLA and 80 stores. The first Simon and Calloway project, Toronto Premium Outlets, is currently under construction and on schedule for a summer 2013 opening.
"Due to the strong response to our first announced project in the Toronto area, we are excited to now bring the Premium Outlets branded concept of upscale outlet shopping to the Montreal area," said John R. Klein, president of Simon's Premium Outlets platform.