Indianapolis -- Mall owner Simon Property Group said Tuesday that Saks Fifth Avenue Off 5th will anchor the company’s two new centers in development in its Premium Outlets division: Phoenix Premium Outlets and St. Louis Premium Outlets.
Phoenix Premium Outlets in Chandler, Ariz., is currently under construction with a spring 2013 opening planned. Phase 1 of the center will be comprised of 360,000 sq. ft. housing approximately 90 outlet stores featuring high-quality designer and name brands.
St. Louis Premium Outlets in Chesterfield, Mo., is a part of Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. A first phase of approximately 350,000 sq. ft. is projected to open fall 2013. The project is a joint venture with Woodmont Outlets and EWB Development LLC. Simon owns a 60% interest in the project.
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