Wednesday, March 28, 2012

Simon Breaks Ground on Phoenix Premium Outlets


PHOENIX, March 27, 2012 /PRNewswire/ -- Simon Property Group, Inc. (NYSE:SPG), the world's leading retail real estate company, announced that its Premium Outlets® division held ceremonies today to mark the start of construction of Phoenix Premium Outlets®, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas. In attendance were company officials and representatives from the Gila River Indian Community's Wild Horse Pass Development Authority.


Phoenix Premium Outlets will be located in Chandler, Arizona. It will be adjacent to the Wild Horse Pass Hotel & Casino in the Wild Horse Pass Development located on Interstate 10, south of Loop 202 - Santan Freeway at Exit 162, Wild Horse Pass Blvd. Phase I of the project will be comprised of 360,000 square feet housing approximately 90 outlet stores featuring high-quality designer and name brands. A spring 2013 opening is planned.

"Phoenix Premium Outlets will bring together an outstanding collection of many of the finest brands, offering value, quality and selection all in one convenient location.  The center, combined with the already impressive array of businesses at Wild Horse Pass, including a world class resort, spa, golf and hotel & casino, offers a complete destination," remarked John R. Klein, president of Simon's Premium Outlets division. "We are also pleased to begin a new project that is creating hundreds of new jobs and significant economic development for the area."

No comments:

Post a Comment