Simon plans $250 million luxury retail redevelopments at Green Hills, Denver’s Cherry Creek, and Tampa’s International Plaza

Major capital program tied to newly consolidated control of former Taubman assets

Simon Property Group announced a redevelopment program valued at more than $250 million targeting three high-performing retail properties: The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver, and International Plaza in Tampa. The projects are scheduled to enter construction phases beginning in 2026, with additional tenant announcements expected later.

The announcement follows Simon’s consolidation of management and leasing control after completing a transaction in November 2025 that resulted in full ownership of Taubman Realty Group, a partnership through which the three centers had been operated. Company statements accompanying the plan describe the work as a portfolio-wide reinvestment strategy focused on updated design, flagship storefront opportunities, and expanded dining and gathering areas.

What is planned for The Mall at Green Hills in Nashville

At The Mall at Green Hills, the scope described by Simon centers on a comprehensive exterior overhaul alongside interior upgrades. The plan calls for new, two-story entrances intended to function as flagship arrival points, additional boutique-sized retail spaces positioned for luxury brands, and landscaping and architectural enhancements designed to reshape the property’s street presence.

While a construction start is expected in 2026, the company has not released a full construction calendar, a total square-footage figure for the Green Hills work, or a detailed phasing plan indicating how access and parking would be managed during construction.

Denver and Tampa projects emphasize flagship space and open-air components

For Cherry Creek Shopping Center in Denver, Simon outlined a redevelopment approach focused on guest experience improvements and brand presentation, including modernized flagship spaces, architectural updates, and upgraded storefronts. The plan is framed as an effort to maintain the property’s positioning in the luxury segment rather than a change in use.

In Tampa, International Plaza is slated for a 50,000-square-foot open-air exterior expansion intended to add a walkable outdoor shopping component. Simon also described a rework of Bay Street—an existing dining and entertainment area—highlighting upgraded outdoor dining and gathering areas, along with broader design and amenity updates throughout the center.

Key details disclosed so far—and what remains unknown

• Investment total: more than $250 million across all three properties.
• Timing: construction expected to begin in 2026; tenant announcements planned later.
• Green Hills: exterior transformation with new entrances, boutique spaces, landscaping, and interior finish upgrades.
• Cherry Creek: flagship space modernization, architectural refinements, and storefront upgrades.
• International Plaza: 50,000-square-foot open-air expansion and Bay Street dining/gathering upgrades.

The company has not yet provided property-by-property budgets, permitting timelines, or detailed schedules indicating how construction will be phased while the centers remain operational.

For Nashville, the plan arrives as the region continues to see active investment interest in retail and mixed-use destinations. The immediate next milestones will be the release of design specifics, tenant commitments, and any public permitting documents that clarify scope, sequencing, and impacts for shoppers and surrounding neighborhoods.