Simon Property Group Announces Opening of The Domain
- 700,000 Square Feet of Luxury Retail and Mixed-Use Debuts in Austin -
AUSTIN, Texas, March 9 /PRNewswire-FirstCall/ -- Simon Property Group,
Inc. (NYSE: SPG) today announced the opening of The Domain in Austin, Texas,
which combines 700,000 square feet of luxury fashion and restaurant space,
75,000 square feet of Class A office space and 390 apartments catering to
Austin's growing population.
The Domain is anchored by central Texas' first Neiman Marcus and Macy's.
Of The Domain's 75 retailers, more than 30 high-end retailers and restaurants
will make their Austin-area debuts at the property.
Stores range from innovative home decor retailers such as Z Gallerie to
fashion retailers like Lilly Pulitzer and Juicy Couture. Other exclusive
retailers include Tiffany, Intermix and Louis Vuitton.
New restaurants include Kona Grill, North, Daily Grill, Jasper's, Joe
DiMaggio's Italian Chophouse, Fleming's Prime Steakhouse and California Pizza
"The Domain is a signature statement of 'Best-in-Class' retail,
restaurants and residential," said Kathleen M. Shields, senior vice president
of development at Simon. "We are thrilled to deliver this project to the city
"The response from retailers and restaurants to The Domain has been
terrific," said Vicki Hanor, executive vice president of leasing at Simon.
"The site and our development is a perfect fit for Austin and our retailers
are very excited to be part of the project."
Simon Property Group, Inc., an S&P 500 company headquartered in
Indianapolis, Indiana, is a real estate investment trust engaged in the
ownership, development and management of retail real estate, primarily
regional malls, Premium Outlet Centers(R) and community/lifestyle centers. The
Company's current total market capitalization is approximately $52 billion.
Through its subsidiary partnership, it currently owns or has an interest in
286 properties in the United States containing an aggregate of 202 million
square feet of gross leasable area in 38 states plus Puerto Rico. Simon also
owns interests in 53 European shopping centers in France, Italy, and Poland; 5
Premium Outlet Centers in Japan; and one Premium Outlet Center in Mexico.
Additional Simon Property Group information is available at www.simon.com.
Simon Property Group, Inc. is publicly traded on the NYSE under the symbol
The Domain was developed by Simon Property Group, Inc. in partnership with
Endeavor Real Estate Group and residential partner Columbus Realty. Austin-
based Endeavor Real Estate Group is a full-service real estate company with
over 100 employees focused on retail, office industrial and mixed-use
developments in the Southwest Region. Since forming in 1999, Endeavor has
become one of the leading real estate firms in central Texas, developing or
acquiring more than 7.8 million square feet of space with an overall value of
nearly $1 billion. Adding to that, the company has about 7.4 million square
feet currently under development.
SOURCE Simon Property Group, Inc.
/CONTACT: Investors, Shelly Doran, +1-317-685-7330, or Media, Les Morris,
+1-317-263-7711, both of Simon Property Group, Inc.