Content about Simon Property Group

April 18, 2014

Nordstrom announced plans to relocate its full-line Westfield University Towne Center (UTC) department store in San Diego to a new space within the evolving mall.

Seattle -- Nordstrom announced plans to relocate its full-line Westfield University Towne Center (UTC) department store in San Diego to a new space within the evolving mall.

The new two-level, 145,000-sq.-ft. Nordstrom store will open in 2017 as part of Westfield UTC’s resort-inspired redevelopment, which is adding specialty shops, restaurants, entertainment, sustainable design features and family-friendly amenities, as well as structured parking.

April 15, 2014

Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

Atlanta -- Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

The plans include extensive interior makeover, providing a fresh new look and feel to the interior space of the mall, with upgraded LED lighting, new paint, new warm wood accents, an updated railing system, luxury soft seating and lounging areas with Wi-Fi connectivity and chargers. In addition, restrooms will be upgraded and a hotel-like concierge service center will be installed.

April 15, 2014

Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

Atlanta -- Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

The plans include extensive interior makeover, providing a fresh new look and feel to the interior space of the mall, with upgraded LED lighting, new paint, new warm wood accents, an updated railing system, luxury soft seating and lounging areas with Wi-Fi connectivity and chargers. In addition, restrooms will be upgraded and a hotel-like concierge service center will be installed.

April 8, 2014

Nordstrom announced plans to open at a Nordstrom Rack at The Shops at River Walk in Bakersfield, Calif.

Seattle -- Nordstrom announced plans to open at a Nordstrom Rack at The Shops at River Walk in Bakersfield, Calif. The approximately 35,000-sq-ft. store is scheduled to open in spring 2015.

The new Nordstrom Rack will be the company's first location in Bakersfield.

April 4, 2014

Simon Property Group and Brea Mall are celebrating putting the finishing touches on the renovation of the property with a special community event and a series of showcase weekends throughout April and May.

Brea, Calif. — Simon Property Group and Brea Mall are celebrating putting the finishing touches on the renovation of the property with a special community event and a series of showcase weekends throughout April and May.

The renovation included redesigned mall entrances and new signage, flooring, landscaping, glass handrails and overhead lighting. The mall now displays updated textures, colors and amenities such as soft seating and charging stations.

April 4, 2014

Simon Property Group and Brea Mall are celebrating putting the finishing touches on the renovation of the property with a special community event and a series of showcase weekends throughout April and May.

Brea, Calif. — Simon Property Group and Brea Mall are celebrating putting the finishing touches on the renovation of the property with a special community event and a series of showcase weekends throughout April and May.

The renovation included redesigned mall entrances and new signage, flooring, landscaping, glass handrails and overhead lighting. The mall now displays updated textures, colors and amenities such as soft seating and charging stations.

March 27, 2014

Potomac Mills, the largest outlet and value retail shopping destination in the Washington, D.C., area has appointed Sam Hosn as its new general manager.

Woodbridge, Va. — Potomac Mills, the largest outlet and value retail shopping destination in the Washington, D.C., area has appointed Sam Hosn as its new general manager. Paul Fickinger, executive VP of property management for The Mills, a Simon Company, made the announcement.

As general manager, Hosn will manage the day-to-day operations of Potomac Mills including leasing, contract negotiations, staff supervision, office management, budgeting, tenant relations and marketing.

March 21, 2014

Simon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

San DiegoSimon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

March 21, 2014

Simon Property Group has launched a new dedicated Simon Venture Group, a business that will invest in retail innovation, with a focus on opportunities that enhance the shopping experience.

IndianapolisSimon Property Group has launched a new dedicated Simon Venture Group, a business that will invest in retail innovation, with a focus on opportunities that enhance the shopping experience.

Mikael Thygesen, chief marketing officer of Simon Property Group said: "We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways."

March 21, 2014

Simon Property Group is launching a new business, Simon Venture Group, that will invest in retail innovation, focusing on technology opportunities that enhance the shopping experience.

Indianapolis -- Simon Property Group is launching a new business, Simon Venture Group, that will invest in retail innovation, focusing on technology opportunities that enhance the shopping experience.

"We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways," said Mikael Thygesen, chief marketing officer of Simon Property Group.

March 14, 2014

Nordstrom is going to be a big success in Canada, according to Antony Karabus, president, Hilco Retail Consulting.

New York -- Nordstrom is going to be a big success in Canada, according to Antony Karabus, president, Hilco Retail Consulting. (Nordstrom has plans for six stores in Canada, with the possibility of adding a few more over time.)

“Every one of the six stores they (Nordstrom) picked in Canada is a home run in terms of the location. It’s the perfect time, perfect sector and the perfect time in the sector,” Karabus said during a recent presentation on “The State of the Canadian Retail Market.”

March 5, 2014

Nordstrom announced plans to open a full-line store at The Domain in Austin, Texas.

Seattle -- Nordstrom announced plans to open a full-line store at The Domain in Austin, Texas. The two-level, approximately 123,000-sq.-ft. store is scheduled to open in fall 2016 and will be the company's second full-line store serving the greater Austin area. The Domain is owned and operated by Endeavor Real Estate Group.

March 4, 2014

Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood.

Boston -- Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair's new office space to a total footprint of 275,000 sq. ft.

March 4, 2014

Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood.

Boston -- Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair's new office space to a total footprint of 275,000 sq. ft.

March 3, 2014

Belk has announced a $12.6 million expansion and renovation of its store in Cool Springs Galleria, a 1.1 million-sq.-ft. mall in Franklin, Tenn., a suburb of Nashville. CBL & Associates Properties and TIAA-CREF own the center jointly.

Charlotte, N.C. — Belk has announced a $12.6 million expansion and renovation of its store in Cool Springs Galleria, a 1.1 million-sq.-ft. mall in Franklin, Tenn., a suburb of Nashville. CBL & Associates Properties and TIAA-CREF own the center jointly.

Belk plans to create a new fashion flagship store for the greater Nashville region.

March 3, 2014

Inland Real Estate Income Trust has acquired the 69,381-sq.-ft. Park Avenue Shopping Center in Little Rock, Ark., for $28.12 million.

Oak Brook, Ill. Inland Real Estate Income Trust has acquired the 69,381-sq.-ft. Park Avenue Shopping Center in Little Rock, Ark., for $28.12 million. IREIT Business Manager & Advisor assisted Inland Real Estate Acquisitions in the transaction. Disney Investment Group represented the seller, SPC Park Avenue Limited Partnership and SPC Condo Limited Partnership. Both are affiliates of Strode Property Co.

February 21, 2014

Four new retailers have leased space at Brea Mall in Brea, California, according to Simon Property Group, the mall’s owner.

Indianapolis — Four new retailers have leased space at Brea Mall in Brea, California, according to Simon Property Group, the mall’s owner. Starbucks Coffee Company, Kiehl’s Since 1851, Kelley’s Kookies and Shoe Palace plan to open their doors this spring and summer.

Starbucks will debut this spring as a standalone kiosk with tables and chairs for café-style seating.

February 21, 2014

Four new retailers have leased space at Brea Mall in Brea, California, according to Simon Property Group, the mall’s owner.

Indianapolis — Four new retailers have leased space at Brea Mall in Brea, California, according to Simon Property Group, the mall’s owner. Starbucks Coffee Company, Kiehl’s Since 1851, Kelley’s Kookies and Shoe Palace plan to open their doors this spring and summer.

Starbucks will debut this spring as a standalone kiosk with tables and chairs for café-style seating.

February 19, 2014

Nordstrom announced plans to open a Nordstrom Rack at Redfield Promenade in Reno, Nev.

Seattle -- Nordstrom announced plans to open a Nordstrom Rack at Redfield Promenade in Reno, Nev.

The store is scheduled to open in spring 2015. Redfield Promenade is owned and operated by Kimco Realty Corp.
 
"We're thrilled to bring a Nordstrom Rack to the Reno community," said Geevy Thomas, president of Nordstrom Rack. "This central retail location at Redfield Promenade is a good fit for us and we look forward to offering customers access to fashion at great prices when we open our doors next year."

February 10, 2014

Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Indianapolis — Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Simon Property Group, New England Development and Streetscape Partners make up the development team for the project, which will add 1,500 jobs and more than $150 million in private investment to the local economy. The development team is planning to open Clarksburg Premium Outlets by late 2015.

February 10, 2014

Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Indianapolis — Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Simon Property Group, New England Development and Streetscape Partners make up the development team for the project, which will add 1,500 jobs and more than $150 million in private investment to the local economy. The development team is planning to open Clarksburg Premium Outlets by late 2015.

February 6, 2014

Nordstrom has announced plans to open a Nordstrom Rack at Mercer Mall near Princeton, N.J.

Seattle — Nordstrom has announced plans to open a Nordstrom Rack at Mercer Mall near Princeton, N.J. Plans call for the approximately 35,000-sq.-ft. store to open in the spring of 2015.

Mercer Mall is owned and managed by Federal Realty Investment Trust. The new store will add to the current tenant line up, which includes T.J.Maxx, Bed Bath & Beyond, DSW and Shop Rite.

 

February 5, 2014

Seattle-based Nordstrom plans to open a Nordstrom Rack at Christiana Fashion Center in Newark, Del.

New York -- Seattle-based Nordstrom plans to open a Nordstrom Rack at Christiana Fashion Center in Newark, Del. The approximately 35,000-sq.-ft. store, which is scheduled to open in fall 2015, is the company’s first Rack location in the state.

The single-level, newly built Nordstrom Rack is located at the intersection of Interstate 95 and Route 1, adjacent to Christiana Mall and will be surrounded by a strong tenant mix.

February 5, 2014

Nordstrom announced plans to close it's store in Lloyd Center Mall, Portland, Ore., and its store in Vancouver Mall, Vancouver, Wash.

Seattle -- Nordstrom announced plans to close it's store in Lloyd Center Mall, Portland, Ore., and its store in Vancouver Mall, Vancouver, Wash. Both locations will close in January 2015.

"This was a tough decision to make because we've been doing business in Lloyd Center and Vancouver Mall for a long time and we care about the community, our customers and our employyees here," said Ed Nordstrom, president of stores.

January 31, 2014

Saks Fifth Avenue is reportedly planning to both increase the amount of high-end luxury goods it sells and also increase the number of Saks Off 5th outlet stores it operates.

New York – Saks Fifth Avenue is reportedly planning to both increase the amount of high-end luxury goods it sells and also increase the number of Saks Off 5th outlet stores it operates. According to the Wall Street Journal, Richard Baker, CEO of Canadian department store chain (and new Saks owner) Hudson’s Bay Company wants to overhaul Saks stores by selling more items such as $48,000 Louis Vuitton crocodile handbags.