On Wednesday, November 4, 2025, Simon Property Group announced plans to develop Sagefield, a 100‑acre mixed‑use destination in Williamson County, South Nashville. The project will feature boutique retail, farm‑to‑table restaurants, an organic market, entertainment venues, wellness concepts, and a signature landmark hotel.
The development marks SPG’s first foray into a luxury lifestyle destination outside its traditional mall and outlet portfolio, positioning the REIT to capture higher‑margin tenant mix and experiential retail demand. By adding a hotel component, the project aims to generate additional revenue streams from lodging and events, while the mixed‑use format aligns with the company’s broader strategy to create destination hubs that blend retail, dining, and entertainment.
The announcement comes as SPG continues to report strong occupancy and rent growth in its core assets, and the new project is expected to enhance the REIT’s portfolio diversification and long‑term value creation. Investors will watch how the development progresses, as it could broaden SPG’s geographic reach and reinforce its leadership in premium retail destinations.
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