7/3/2023 0 Comments Simon property group investorsJeju Premium Outlets is the fifth Premium Outlet® Center in South Korea. On October 15, 2021, Jeju Premium Outlets ( Jeju Island, South Korea) opened with 92,000 square feet of high-quality, name brand stores. The 292,500 square foot upscale outlet located in Fukaya City ( Tokyo), is projected to open in October 2022. The redevelopment of Burlington Mall ( Boston, MA) opened during the quarter including an exciting line-up of premier dining and innovative retailers, as well as an outdoor gathering green space, including amenities for seasonal programming and community events.ĭuring the quarter, construction started on Fukaya-Hanazono Premium Outlets®, the tenth Premium Outlet® Center in Japan. This first phase is part of a multi-year development that will evolve Northgate Station into a mixed-use, transit-oriented community. The first phase of the transformation of Northgate Station ( Seattle, WA), featuring the National Hockey League's Seattle Kraken corporate offices and the Kraken Community Iceplex, opened in September. Base minimum rent per square foot was $53.91 at September 30, 2021.Occupancy was 92.8% at September 30, 2021.Malls and Premium Outlets Operating Statistics Portfolio NOI increased 18.7% compared to the prior year period.
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