Major American Malls Undergo $250 Million Makeovers

Simon Property Group announces renovations for malls in Nashville, Denver, and Tampa.

Published on Mar. 4, 2026

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Three popular malls - The Mall at Green Hills in Nashville, Tennessee, the Cherry Creek Shopping Center in Denver, Colorado, and the International Plaza in Tampa, Florida - are set to undergo $250 million in renovations starting in 2026. The plans include new flagship stores, upgraded storefronts, enhanced dining and gathering areas, and other modernizations to create vibrant, luxury shopping experiences.

Why it matters

As shopping habits continue to evolve, major mall operators like Simon Property Group are investing heavily to revitalize and differentiate their properties. These renovations aim to attract high-end retailers and provide an elevated, experiential shopping environment to compete with the growth of e-commerce and changing consumer preferences.

The details

The planned renovations include a 'complete transformation' of The Mall at Green Hills in Nashville, with grand two-story flagship entrances, new luxury boutique spaces, and updated landscaping. The Cherry Creek Shopping Center in Denver will see modernized flagships, upgraded storefronts, and architectural refinements, while also redeveloping the west side of the property. In Tampa, the International Plaza will add a 50,000-square-foot open-air exterior and enhanced al fresco dining and gathering areas.

  • The renovations are scheduled to begin in 2026.
  • Simon Property Group recently completed renovations at the Southdale Center in Minneapolis.

The players

Simon Property Group

A real estate investment trust that owns and operates many major malls across the United States.

Eli Simon

The chief operating officer of Simon Property Group.

Eric Sadi

The co-president of North American Real Estate for Simon Property Group.

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What they’re saying

“This investment reflects Simon's focus on strategic redevelopments to create vibrant, modern environments that cater to today's shopper.”

— Eli Simon, Chief Operating Officer, Simon Property Group (the-sun.com)

“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.”

— Eric Sadi, Co-President of North American Real Estate, Simon Property Group (the-sun.com)

What’s next

Simon Property Group plans to release 'exciting tenant announcements' related to the renovations in the future.

The takeaway

As consumer shopping habits continue to evolve, major mall operators are investing heavily to revitalize and differentiate their properties, creating elevated, experiential shopping environments to compete with e-commerce and changing preferences.