Simon® to Bring New Premium Outlets® to Metro Nashville
Simon has announced plans to develop Nashville Premium Outlets, a new luxury shopping and lifestyle destination in Thompson's Station, Tennessee. The approximately 325,000 square foot mixed-use center will be located at the intersection of Interstate 65 and Interstate 840. Construction is expected to begin in 2026, featuring about 75 retailers, restaurants, and a hotel, with potential for residential options and big-box retailers.
The project, developed in collaboration with Nashville-based Adventurous Journeys Capital Partners, will be Simon's third investment in the metro Nashville area, complementing their existing properties Opry Mills and The Mall at Green Hills. This expansion follows Simon's successful launch of Tulsa Premium Outlets in August 2024, which opened fully leased.
Simon ha annunciato piani per sviluppare Nashville Premium Outlets, una nuova destinazione di shopping e lifestyle di lusso a Thompson's Station, Tennessee. Il centro misto di circa 325.000 piedi quadrati sarà situato all'incrocio tra l'Interstate 65 e l'Interstate 840. Si prevede che la costruzione inizi nel 2026, con circa 75 rivenditori, ristoranti e un hotel, con la possibilità di opzioni residenziali e rivenditori di grandi dimensioni.
Il progetto, sviluppato in collaborazione con Adventurous Journeys Capital Partners di Nashville, sarà il terzo investimento di Simon nell'area metropolitana di Nashville, complementando le loro proprietà esistenti Opry Mills e The Mall at Green Hills. Questa espansione segue il lancio di successo di Tulsa Premium Outlets nell'agosto 2024, che è stato inaugurato con tutti i posti occupati.
Simon ha anunciado planes para desarrollar Nashville Premium Outlets, un nuevo destino de compras y estilo de vida de lujo en Thompson's Station, Tennessee. El centro de uso mixto, con aproximadamente 325,000 pies cuadrados, estará ubicado en la intersección de la Interestatal 65 y la Interestatal 840. Se espera que la construcción comience en 2026, con alrededor de 75 minoristas, restaurantes y un hotel, con potencial para opciones residenciales y grandes minoristas.
El proyecto, desarrollado en colaboración con Adventurous Journeys Capital Partners con sede en Nashville, será la tercera inversión de Simon en el área metropolitana de Nashville, complementando sus propiedades existentes Opry Mills y The Mall at Green Hills. Esta expansión sigue al exitoso lanzamiento de Tulsa Premium Outlets en agosto de 2024, que abrió completamente arrendado.
사이먼은 테네시주 Thompson's Station에 새로운 고급 쇼핑 및 라이프스타일 목적지인 Nashville Premium Outlets 개발 계획을 발표했습니다. 약 325,000 제곱 피트의 복합 용도 센터는 Interstate 65와 Interstate 840의 교차로에 위치할 예정입니다. 2026년에 공사를 시작할 것으로 예상되며, 약 75개의 소매업체, 레스토랑 및 호텔이 포함될 예정이며, 주거 옵션 및 대형 소매업체의 가능성도 있습니다.
이 프로젝트는 내슈빌에 본사를 두고 있는 Adventurous Journeys Capital Partners와 협력하여 개발되며, 사이먼의 내슈빌 메트로 지역에서의 세 번째 투자로, 기존의 Opry Mills 및 The Mall at Green Hills와 함께합니다. 이 확장은 2024년 8월에 완전 임대된 Tulsa Premium Outlets의 성공적인 출시 이후 이루어집니다.
Simon a annoncé des projets pour développer les Nashville Premium Outlets, une nouvelle destination de shopping et de style de vie haut de gamme à Thompson's Station, Tennessee. Le centre mixte d'environ 325 000 pieds carrés sera situé à l'intersection de l'Interstate 65 et de l'Interstate 840. La construction devrait commencer en 2026, avec environ 75 détaillants, restaurants et un hôtel, avec un potentiel pour des options résidentielles et des grands détaillants.
Le projet, développé en collaboration avec Adventurous Journeys Capital Partners basé à Nashville, sera le troisième investissement de Simon dans la région métropolitaine de Nashville, complétant ses propriétés existantes Opry Mills et The Mall at Green Hills. Cette expansion fait suite au lancement réussi de Tulsa Premium Outlets en août 2024, qui a ouvert avec l'intégralité de ses espaces loués.
Simon hat Pläne zur Entwicklung der Nashville Premium Outlets angekündigt, einem neuen Luxus-Shopping- und Lifestyle-Ziel in Thompson's Station, Tennessee. Das etwa 325.000 Quadratfuß große Mischzentrum wird an der Kreuzung der Interstate 65 und der Interstate 840 liegen. Der Bau soll 2026 beginnen und etwa 75 Einzelhändler, Restaurants und ein Hotel umfassen, mit Möglichkeiten für Wohnraum und große Einzelhändler.
Das Projekt, das in Zusammenarbeit mit der in Nashville ansässigen Adventurous Journeys Capital Partners entwickelt wird, wird Simons dritte Investition im Großraum Nashville sein und ergänzt deren bestehende Immobilien Opry Mills und The Mall at Green Hills. Diese Erweiterung folgt auf die erfolgreiche Eröffnung von Tulsa Premium Outlets im August 2024, das voll vermietet eröffnet wurde.
- Expansion into high-growth Nashville market with 325,000 sq ft mixed-use development
- Strategic location at major interstate intersection enhancing accessibility
- Diversification of property portfolio with retail, dining, and hospitality components
- Track record of successful outlet launches (Tulsa Premium Outlets opened fully leased)
- Synergy with existing profitable Nashville properties (Opry Mills, The Mall at Green Hills)
- Significant capital expenditure required for new development
- Extended timeline to revenue generation (construction starting 2026)
- Potential market risks in retail sector by project completion
Insights
Simon's strategic expansion in Nashville demonstrates sophisticated market positioning and revenue diversification. The selection of Thompson's Station, at the convergence of major interstate highways, reveals careful demographic analysis and traffic flow optimization. This location choice mirrors Simon's successful strategy with other Premium Outlets, where accessibility drives foot traffic and sales.
The 325,000 square foot development represents a significant but measured investment in a rapidly growing market. Nashville's metropolitan area has experienced substantial population growth, with strong income demographics that align perfectly with Premium Outlets' target market. The success of existing Simon properties in the area, particularly Opry Mills' attraction of national and international visitors, provides strong validation for this expansion.
The mixed-use approach, including retail, dining, hotel and potential residential components, reflects evolving consumer preferences and risk mitigation through diversified revenue streams. This format has proven successful in similar markets, typically generating higher per-square-foot revenues than traditional malls.
Key success indicators from this announcement include:
- Partnership with AJ Capital Partners, bringing local market expertise and development experience
- Fully leased status of recent Tulsa Premium Outlets, demonstrating strong tenant demand
- Potential for additional revenue streams through residential and big-box retail expansion
- Strategic timing with 2026 construction start, allowing for market condition optimization
This development aligns with Simon's track record of premium property management and their ability to attract high-quality tenants. The company's experience with successful properties like Woodbury Common Premium Outlets provides a proven template for execution, while the local government's support suggests streamlined development processes.
Construction expected to begin in 2026; Nashville Premium Outlets will become Simon's third investment in the area
Set to be built in Thompson's Station, Tenn., at the intersection of Interstate 65 and Interstate 840, Nashville Premium Outlets is expected to be a draw not only for residents, but shoppers and tourists from around the state and region. Simon is collaborating on this project with
Construction on the approximately 325,000 square foot mixed-use center is expected to begin in 2026, with preliminary plans to include approximately 75 best-in-class retailers, restaurants and a hotel, with the potential to add residential options, big-box retailers and more.
"We are excited to bring another premier shopping and lifestyle destination to
From coast to coast, Simon operates many of the country's most appealing and successful malls and outlet centers, such as Woodbury Common Premium Outlets in Hudson Valley, N.Y. and Desert Hills Premium Outlets just outside of
Nashville Premium Outlets will complement Simon's existing and highly successful properties in the metro area, including the incredibly popular Opry Mills and the distinctive The Mall at Green Hills, which Simon owns through its joint venture with Taubman Realty Group. Opry Mills, which is the area's largest shopping destination, features more than 200 stores and 20 restaurants. As one of
"Thompson's Station is excited about the opportunity to welcome this new retail development to our community," said Brian Stover, Mayor of Thompson's Station. "This project represents a significant investment in our Town and has the potential to enhance local amenities, create jobs, and strengthen our economy. We look forward to working with the developers to ensure this project is a tremendous success while maintaining alignment with the character and general plan of Thompson's Station and supporting our vision for the future."
The future Nashville Premium Outlets is yet another example of Simon's continued focus on making smart new investments to deliver more vibrant offerings to meet shoppers' evolving needs. For example, Simon recently opened its new Tulsa Premium Outlets fully leased in August 2024, and the project has been a great success.
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
About AJ Capital Partners
Adventurous Journeys ("AJ") Capital Partners is a vertically integrated real estate investment manager founded in 2008. AJ repositions real estate to build timeless, scalable businesses and brand platforms across hospitality, mixed-use, and residential sectors. Notable brands include Graduate Hotels®, Marine & Lawn Hotels & Resorts, and Field & Stream Lodge Co. The firm delivers transformative real estate by applying placemaking, inspired design, and hospitality principles to spaces overlooked or undervalued by traditional investment firms. The firm's current portfolio includes
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