Between its regional malls, open-air and outlet centers, Simon currently owns 23 properties in the state. Next week the company will open the 785,000-sf Firewheel Town Center in Garland. "Texas has been a great state for us, and we're continuing to add property and enhance what we have there," a Simon spokesman tells GSR.
Simon executives expect to complete the $50-million Rio Grande some time in the fall next year. The center will feature 100 upscale stores on a single level, as well as Southwestern architecture.
The other Texas outlet Simon has in the works is the 430,000-sf Round Rock Premium Outlets, outside of Austin. This year Simon also opened Wolf Ranch, a 670,000-sf open-air center in nearby Georgetown.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
