Simon Sets Mall Upgrades in Denver, Nashville and Tampa

Simon (Indianapolis) has unveiled plans for major upgrades at three malls it bought last November from Taubman Realty Group: The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver, and International Plaza in Tampa. The company plans to spend $250 million to make the following updates at those three complexes:

* The Mall at Green Hills will undergo a complete transformation and expansive exterior revitalization featuring two-story flagship statement entrances, jewel-box spaces for luxury boutiques, lush landscaping and elevated arrival moments. The new exterior will blend seamlessly with a suite of upscale interior finishes and architectural enhancements.

* Cherry Creek Shopping Center will undergo a “statement-making redevelopment” that will include modernized flagship spaces, refined architectural updates and refreshed storefronts.

* International Plaza upgrades will include a 50,000-square-foot open-air exterior expansion, alongside a reimagined Bay Street with enhanced al fresco dining and gathering areas. The existing center will get new design finishes complemented by upgraded amenities and curated hospitality experiences.

“These centers are already top retail destinations in the country,” said Eric Sadi, Co-President, North American Real Estate at Simon, which oversees nearly 200 malls and shopping complexes. “Our focus is on sharpening their differentiation—through flagship opportunities, elevated design, enhancing the overall guest experience, and creating premier environments where the world’s most sought-after brands can thrive.”

Work at all three malls is expected to begin later this year, with tenant announcements to follow, Simon said.