Simon Property Announces Nashville Premium Outlet Development Plan

Group 1 - Simon Property Group (SPG) plans to develop a luxury shopping and lifestyle destination in Nashville, TN, with construction starting in 2026, covering 325,000 square feet and featuring 75 retailers, restaurants, and a hotel [1][4] - The development is in collaboration with Adventurous Journeys Capital Partners and is strategically located at the intersection of Interstate 65 and Interstate 840, expected to attract shoppers and tourists [2] - SPG has previously tapped into the Nashville market with Opry Mills and The Mall at Green Hills, enhancing its presence in this growing market [3][4] Group 2 - SPG is restructuring its portfolio to focus on premium acquisitions and transformative redevelopments, supporting omnichannel retailing and mixed-use assets, which is expected to drive demand for its properties [5] - Over the past six months, SPG shares have increased by 13.2%, outperforming the industry growth of 4.9% [6]