KING OF PRUSSIA, PA—Simon Property Group will connect The Court and The Plaza of King of Prussia Mall, Pennsylvania's top retail attraction and the second largest shopping center in the United States. The two retail areas have been separated by a roadway since their initial construction.
Construction has begun on the 155,000 square foot expansion project to unify the mall. When it's completed in fall 2016, Simon says the combined mall will offer new luxury retailers, upscale dining options, and exclusive, first-to-market retailers not found elsewhere in the region. Neiman Marcus, Macy's and Bloomingdale's will each add new store entrances to the expansion area.
Simon previously announced the mall expansion in 2011, as reported by GlobeSt.com at that time. At the time, Simon said the expansion would be in place for the mall's 50th anniversary in 2013. No explanation was given for the missed deadline in today's announcement.
The fully enclosed expansion will feature floor-to-ceiling windows, an upscale dining pavilion, soft seating lounges and device-charging stations, a concierge-level guest service center, and many more conveniences and amenities. A new, state-of-the-art parking garage with speed ramps, space location technology, and valet service will connect directly to the expansion, providing close and convenient access to new shops and restaurants.
"The expansion of King of Prussia Mall will further enhance the shopping and dining experience of one of the nation's largest and most compelling retail destinations," says David J. Contis, president of Simon Malls. "Based on the success of luxury retailers like Cartier, Tiffany & Co., Hermes and Louis Vuitton, we're seeing a strong interest from other luxury brands to join the King of Prussia roster of retailers. Interest by national and Philadelphia-area restaurants is also high."
Over the past year, more than 40 new or expanded retailers and restaurants have set up shop in King of Prussia, including Saint Laurent, Ted Baker London, Uniqlo, UGG Australia, Helzberg Diamonds, Oakley, Gap Kids / Baby Gap, Everything But Water, Francesca's, Hartmann Luggage, Visionworks, Pandora, Chipotle Mexican Grill, Cantina Laredo, Ollo Fresh, Pinkberry and David's Tea. "This project will address the ongoing demand for more retailers and luxury brands from our fashion-savvy shoppers," says Contis.
When the project is finished, King of Prussia Mall will be anchored by Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's, JCPenney, and Dick's Sporting Goods and will have over 450 retail and dining options in a total of 2.86 million square feet of space.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
