Simon Property Group

Today, Simon® announced the completed expansion and transformation of Busan Premium Outlets in South Korea. The center now offers more than 270 luxury and premium retail brands, including the largest Nike Unite Store in the region. The expansion features ample communal spaces, an “Adventure Forest” play area, 28 dining concepts, including the first Shake Shack outlet location in South Korea and Premium Golf House showcasing 25 premium golf brands and interactive experiences. Enhanced amenities also include expanded parking, new electric vehicle charging stations, and for VIP shoppers, a chic, stylishly furnished lounge with refreshments, beverages and premium customer service, as well as an exclusive parking area. “Across our global portfolio, Simon continues to strategically reinvest in our centers to deliver the world-class shopping, dining, and amenities desired by today’s discerning consumer,” said Mark Silvestri, President of Development at Simon. “With 100 new retailers, elevated spaces and new amenities at Busan Premium Outlets, we have significantly enhanced our shoppers’ experience from the moment they arrive.” Busan Premium Outlets is a joint venture between Shinsegae Group and Simon.

🌟 Exciting News for Greenville! 🌟 We’re excited to share that the Bal Harbour Shops Access Pop-up Tour has arrived at Haywood Mall! From now until October 17, immerse yourself in a 17,000 sq. ft. luxury retail paradise in Greenville, South Carolina. The Bal Harbour Shops Access Pop-up is a one-of-a-kind concept featuring top-tier brands like Tiffany & Co., Balmain, and Dolce & Gabbana, all in one stunning location. Visitors can indulge in high fashion and savor fine dining at “The Whitman” restaurant, offering a taste of Miami’s sophistication with a touch of Greenville’s unique charm. “Through the collaboration, we’re bringing new brands to this vibrant market and are eager to see how Greenville and the surrounding community responds, which we feel could be invaluable feedback as we consider future leasing options for the center," Eric Sadi, Co-President of Malls at Simon. #BalHarbourPopUp #LuxuryRetail #GreenvilleSC #HaywoodMall #RetailInnovation

"With our dedicated team solely focused on creating best-in-class experiences, this is yet another example of how Simon continues to maximize today's rapidly changing consumer preferences to drive loyalty and sales for retailers," said Lee Sterling, Chief Marketing Officer about today’s ShopSimon™ launch. "By enhancing nearly every aspect of the experience, we are creating greater convenience for consumers and bringing more people to our properties to shop, eat, stay and play." Learn more in today’s WWD: https://bit.ly/3XfK2nX #Omnichannel #ShopSimon #SimonPropertyGroup

Today, we announced a big milestone in the development of our omnichannel experience! Building off the growth of Shop Premium Outlets® over the past five years, we’ve added on-sale and discounted merchandise to the outlet assortment to expand this digital marketplace and rebranded it ShopSimon ™. Both an app and online shopping destination, it’s the newest way for customers to experience Simon® and for us to support our retailers in reaching them—and we’re just getting started. Read all about it: https://bit.ly/3XvrKAp Check out the new website: ShopSimon.com #retail #ecommerce #omnichannel #builtforbrands #simon #simonpropertygroup #shopsimon #shoppremiumoutlets

Lenox Square, the iconic Atlanta landmark, is celebrating 65 years as the premier shopping destination in the Southeastern region of the United States. In 1959, the center officially debuted as an open-air shopping center with 60 tenants including a bowling alley and indoor golf driving range. Today, Lenox Square has evolved into a major retail and community hub touting 240 specialty stores and restaurants that welcomes 35 million visitors, annually. Recently, Lenox Square celebrated its anniversary with a community event and press conference. Atlanta Mayor Andre Dickens spoke of the mall’s legacy and its robust impact on the local economy. "I'm thrilled to join you all here on this 65th birthday, the 65th anniversary of Lenox Square," Dickens said. "The fact that we're here today really is just a testament to how important Lenox Square is to the city of Atlanta.” For more on the anniversary celebration, read Marietta Daily Journal’s article here: https://bit.ly/3M8IIhL #Simon #RetailRealEstate #Retail #Atlanta #ShoppingDestination

Today, the highly anticipated, 100% leased, Tulsa Premium Outlets® officially opened its doors, making it the 70th Premium Outlet in the U.S. and third Simon property in Oklahoma. Hundreds of eager shoppers and members of the media looked on as Oklahoma Governor Kevin Stitt, Lieutenant Governor Matt Pinnell, State Representative Lonnie Sims, Muscogee Nation Principal Chief David Hill, Jenks Mayor Cory Box, City Manager Chris Shrout, and Tulsa County Commissioner Kelly Dunkerley joined Simon executives, Gary Duncan, Eli Simon, Stephen Shea and Tricia Sanders to cut the ribbon at the latest addition to Simon's unparalleled portfolio of more than 250 iconic properties. Tulsa Premium Outlets is home to today's most sought-after brands, including 30 first-to-market retailers including Carhartt, Hugo Boss, Lacoste, Ralph Lauren, and Tory Burch, along with dining and entertainment destinations such as Los Cabos Little Kitchen and Camp Pickle, a pickleball-centric entertainment destination which is slated to open in 2025. Throughout the grand opening weekend, shoppers will enjoy shops and eateries, in-store events, exclusive deals & discounts, family activities, meet & greets, and VIP experiences. Children can now explore the 20,000-square-foot play area and take part in the community mural. More than 1,000 construction jobs contributed to the project and approximately 800 jobs are being created by retailers, restaurants, and the center’s management team. #Simon #PremiumOutlets #Retail #ShoppingDestination

Simon® Reports Second Quarter 2024 Results and Increases Full Year 2024 Guidance and Raises Quarterly Dividend “We saw increased leasing volumes, occupancy gains, shopper traffic and retail sales volumes resulting in the Company’s highest level of real estate NOI for the second quarter in our history," said David Simon, Chairman, Chief Executive Officer and President. Read the full release here: https://bit.ly/3AaQDbz #Simon #Earnings #retailrealestate

Simon's SVP Luxury Leasing, Velda Turan, spoke with Vogue Business about all things Vegas. Sin City isn't just for gambling, concerts, clubbing and convention-goers anymore. Professional sports and luxury shopping are hitting it big and welcoming droves of visitors from all over the world. Luxury brands are tapping into Vegas' larger-than-life spirit by hosting lavish VIC private shopping events paired with posh hotel stays and curated dining experiences. High-end retailers are investing in this market and Simon centers, Forum Shops at Caesars Palace and Shops at Crystals, are home to these evolving and expanding brands where memories are made. "This market is very special for us. And it's only going to get stronger, better, cooler, sexier," says Turan.

Mark your calendar and listen in on our 2nd Quarter Earnings Release webcast: Monday, August 5, 2024 at 5PM EDT Listen here: investors.simon.com #retailrealestate #retail #earnings #Simon

Yesterday, Simon celebrated the groundbreaking of Northgate Station's new luxury residential development. The building will be home to over 234 high-end apartments and just steps from unmatched amenities, including top-of-the-line fitness and recovery facilities, co-working spaces, pet-friendly areas, and 25,000 square feet of retail and dining space. The addition of residential units adds a new element and further transforms the area into the ultimate destination to shop, work, stay, play, and now live. Over the years, Simon has invested in this property to enhance the overall experience by adding amenities that bring people together, such as the Kraken Community Iceplex and Northgate Central Park, which includes a community lawn and amphitheater. Next spring, Northgate Station will welcome its first on-property hotel, Residence Inn by Marriott.