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."
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