Premium Outlets Orlando

Simon to Expand Four Premium Outlets Properties

A 140,000 square foot expansion is planned for Desert Hills Premium Outlets , Cabazon, Calif., which will bring this Southern California retail destination to approximately 640,000 square feet. The center has sales approaching $1,000 per square foot. It currently has 130 stores, including Bottega Veneta, Brunello Cucinelli, Dior, Dolce & Gabbana, Giorgio Armani, Gucci, Jimmy Choo, Prada, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Tod's and Tory Burch.

Simon will also expand the 550,000-square-foot Orlando Premium Outlets – Vineland Ave. by 80,000 square feet. The center has sales exceeding $1,300 per square foot. The center’s tenants include Burberry, CH Carolina Herrera, Coach, Cole Haan, DKNY, Dooney & Bourke, Etro, Elie Tahari, Fendi, Giorgio Armani, Hugo Boss, Lacoste, Nike, Polo Ralph Lauren, Roberto Cavalli, Salvatore Ferragamo, Theory, Tod's, Tommy Hilfiger and Zegna.

The firm also plans to add 130,000 square feet to the 440,000-square-foot Chicago Premium Outlets , which features Ann Taylor, Banana Republic, Coach, Elie Tahari, Gap Outlet, Giorgio Armani, J.Crew, Kate Spade New York, Kenneth Cole, Lacoste, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Sony, Theory and Vera Bradley among its 120 stores. The center currently produces sales of $700 per square foot.

“We are thrilled to open The Outlet Shoppes at Oklahoma City fully leased,” CBL President & CEO Stephen Lebovitz said in a statement. We expect that this center will become a favored retail destination for Oklahoma City residents as well as another great reason for tourists to visit the city.” The center is expected to draw over six million visitors a year.

Built in a shopper-friendly racetrack layout, the center has covered tensile structure walkways to maximize comfort and convenience for patrons. It also features a large food court, children’s play area, center court stage with fountains and other amenities. Land is available at the site to construct an additional 60,000 square feet of outlet shops and out parcels are being marketed for sale for uses complementary to the center.

Patterson is currently chairman and chief executive officer of Boomerang Systems Inc., a manufacturer of automated robotic parking and storage systems, where he's been since June 2010. Patterson was previously managing director and head of Real Estate Global Principal Investments at Merrill Lynch. Prior to joining Merrill Lynch, Patterson spent 16 years at Citigroup.

Simon Property to expand Orlando Premium Outlets | IzonOrlando

Simon Property Group Inc. has plans to expand four of its most productive outlet properties in California, Florida, Illinois and Washington, including the Orlando Premium Outlets on Vineland Ave.

An 80,000-square-foot expansion is planned at the Orlando center, which will bring it to 630,000 square feet. Orlando Premium Outlets is considered one of the most productive centers worldwide, with sales exceeding $1,300 per square foot.

Source: http://www.bizjournals.com/orlando/news/2011/08/02/simon-property-to-expand-orlando.html?

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