The pandemic in its rear-view mirror, Simon announced this week its plans to develop malls in major growing US markets and also expand its Woodbury Common Premium Outlets in Central Valley, N.Y., north of New York City.

There, the fifth phase of expansion for Woodbury Common will build on a center that attracts 13 million people annually and houses over 250 of the greatest names in fashion. This phase will include approximately 160,000 square feet of new shops, additional parking, amenities and two hotels. Construction is expected to begin in 2024.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.