Simon has plans for new developments in growing U.S. markets.
In New York the firm plans the fifth phase of expansion at Woodbury Common Premium Outlets, located in the Hudson Valley town of Woodbury, north of New York City. Woodbury Common Premium Outlets, one of the world's first and most successful outlet centers, draws more than 13 million people annually from around the world, and houses more than 250 outlets, all at significant everyday savings. The next phase will include about 160,000 square feet of new shops, additional parking, amenities and two hotels. Construction is expected to begin in 2024.
On the West Coast, Simon has reached an agreement in principle with the City of Carson, Calif., to resume development on a 400,000-square-foot, high-end fashion outlet and value-oriented center, to be located along Interstate 405. This location will serve over 2.5 million residents who live within 10 miles, and is only 11 miles from Los Angeles International Airport (