Full-Time
Posted on 11/23/2025
No salary listed
Orlando, FL, USA
In Person
Company Size
11-50
Company Stage
IPO
Headquarters
Indianapolis, Indiana
Founded
1993
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David Simon, chairman and CEO of Simon Property Group, has died of cancer aged 64. He transformed the family-owned business into the world's largest retail property owner, overseeing 250 properties across North America, Europe and Asia. Simon joined Melvin Simon & Associates as chief financial officer in 1990, led its public listing in 1993, and became CEO in 1995 at age 33. Under his leadership, the company acquired major firms including DeBartolo Realty Corp., Mills Corp. and Taubman Centers, building a portfolio featuring premier malls like King of Prussia and Roosevelt Field. The stock generated total returns exceeding 4,500% since its IPO. Eli Simon, his son, has been named CEO and president, whilst Larry Glasscock becomes non-executive chairman.
Simon Property Group has invested $100 million in Saks Global to eliminate reciprocal easement agreements (REAs) at 57 of its shopping centres. The agreements previously allowed anchor tenants like Saks Fifth Avenue and Neiman Marcus to veto changes to parking, tenant mix and redevelopment plans. The deal, tied to Saks Global's acquisition of Neiman Marcus, costs roughly $2 million per mall and gives Simon complete control over modernisation and mixed-use conversions. Most anchor tenants would not relinquish such leverage for comparable sums. However, Saks Global's bankruptcy has forced Simon to write off the investment, and ongoing litigation over lease rights and intellectual property adds uncertainty. The move highlights both the fragility of department-store-anchored malls and the challenges facing operators attempting to create flexible, experience-driven retail spaces.
Simon Property Group has appointed Martin J. Cicco to its board of directors. Cicco brings over 45 years of experience in real estate and capital markets, having initiated Evercore Partners' Real Estate Strategic Advisory practice and spent 29 years at Merrill Lynch, where he served as vice chairman of global commercial real estate and global head of real estate investment banking. Cicco currently serves as a senior adviser to Lightstone and sits on advisory boards at Columbia Business School, University of Wisconsin and Wharton School's real estate centres. He is an active member of the National Association of Real Estate Investment Trusts and the Real Estate Roundtable. Simon is a real estate investment trust that owns premier shopping, dining and entertainment destinations across North America, Europe and Asia.
Simon to invest $250 million for redevelopment of three malls in Nashville, Denver and Tampa. Indianapolis - Indianapolis-based mall owner Simon Property Group has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon's focus on mall redevelopments to create modern environments that cater to today's shopper, according to Eli Simon, the company's chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and "elevated arrival moments." The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall. Updates to International Plaza, which opened in 2001, will include a 50,000-square-foot, open-air exterior expansion that will create a walkable outdoor shopping experience. A reimagined Bay Street will include an enhanced al fresco dining and gathering area. Plans call for new design finishes, upgraded amenities and "curated hospitality experiences." "These centers are already top retail destinations in the country," says Eric Sadi, co-president of North American Real Estate for Simon. "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." Construction is expected to begin this year, with tenant announcements to follow. Simon is a real estate investment trust (REIT) that owns shopping, dining, entertainment and mixed-use properties across North America, Europe and Asia. The company's stock price opened at $190.60 per share Wednesday, Feb. 4, up from $173.35 per share one year ago.
International Plaza set for major redevelopment. Simon Property Group plans to invest more than $250 million to redevelop three of its flagship shopping centers, including International Plaza in Tampa, as part of a broader push to elevate luxury retail environments in high-growth markets. The announcement was made Feb. 4, following Simon's full acquisition of the properties from Taubman Realty Group in November. The transaction gave Simon full management and leasing control of International Plaza, The Mall at Green Hills in Nashville and Cherry Creek Shopping Center in Denver. "This investment reflects Simon's focus on strategic redevelopments to create vibrant modern environments that cater to today's shopper," said Eli Simon, the company's chief operating officer. What Simon plans for International Plaza. At International Plaza, Simon plans a 50,000-square-foot open-air exterior expansion designed to create a walkable outdoor shopping experience showcasing global brands. The project also includes a reimagined Bay Street with enhanced al fresco dining and gathering space. Simon said the existing interior will be revitalized with new design finishes, upgraded amenities and curated hospitality experiences across the property. The company described the work as a comprehensive refresh of Tampa's largest retail destination rather than a partial renovation. Tampa's role in Simon's broader strategy. International Plaza is one of three luxury-focused assets included in the investment program. Simon said the strategy centers on strengthening established destinations in markets with sustained growth and strong consumer demand. "These centers are already top retail destinations in the country," said Eric Sadi, co-president of North American real estate. "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." Similar redevelopment efforts are planned for The Mall at Green Hills, which will undergo a full exterior transformation, and Cherry Creek Shopping Center, where Simon plans architectural updates and storefront upgrades. Timeline and next steps. Simon said construction is expected to begin in 2026, with tenant announcements to follow as plans advance. The company did not provide a construction timeline or cost breakdown by property, but said the combined investment across the three centers will exceed $250 million. By the numbers. * $250M+: Total investment planned across three shopping centers * 50,000 sq ft: Planned open-air exterior expansion at International Plaza * 2026: Expected construction start