SPG - Simon Property Announces a Revamp of Fashion Valley | Benzinga
Simon Property Group (NYSE: SPG) recently announced a reinvestment to incorporate luxury living at San Diego's top shopping destination, Fashion Valley.
The move aims to boost foot traffic and sales and attract top-tier tenants, fortifying its place in the retail real estate market and ensuring long-term value creation.
Fashion Valley, as part of a mixed-use redevelopment project, will soon feature 850 multi-family luxury residences with the help of apartment developer AMLI Residential. The project will also include 100,000 square feet of new retail and dining experiences to complement fresh and lush open green spaces and ample parking for residents and guests.
Per Mark Silvestri, president of Development at Simon Property, "Simon is leading the evolution of today's retail landscape with the strategic transformation of key properties across the country. We're excited about this next phase of Fashion Valley as we continue to reinvest and add a walkable, livable lifestyle community that is intertwined with handpicked luxury brands that can only be found here. This redevelopment marks ...