ROUND ROCK, TX-Simon Property Group Inc. plans a 750,000-sf outdoor regional mall with office and residential components on the northern edge of Round Rock, extending the Austin area’s increasingly dense Interstate 35 retail corridor.

Simon, based in Indianapolis, says the mall will follow an open-air, main street concept similar to its Bowie Town Center in Prince George’s County, MD. Plans call for two or three department stores, smaller retailers, restaurants and entertainment venues. The company said it expects to announce department store tenants in the near future.

Besides the 750,000 sf of retail, the phased project would have 50,000 sf to 100,000 sf of office space, a hotel and 250 residential units. Tom Schneider, senior vice president of development at Simon, says the first phase of the project should be ready by 2005.

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