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.
Laura Schwartz, regional vice president, leasing, Simon Property Group, told GlobeSt.com last month that "strong foot traffic and sales numbers across nearly every category is apparent, but particularly in the luxury category. This we expect will continue into the future."
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