Simon Breaks Ground on 100-Acre Sagefield Mixed-Use Development in Tennessee
Simon (NYSE: SPG) has officially broken ground on Sagefield, a 100-acre open-air mixed-use destination located in Thompson's Station, Tennessee. Situated near the intersection of I-65 and I-840, the development is designed to integrate retail, dining, wellness, and hospitality into the local landscape, with approximately 60% of the property dedicated to green space and pedestrian walkways. The project is expected to open in late 2028 and will feature roughly 80 boutiques, gourmet markets, and high-end restaurants. Beyond its commercial offerings, Sagefield is projected to drive significant local economic impact by creating thousands of construction jobs and hundreds of permanent positions, signaling Simon's continued investment in the growing Nashville metropolitan market.
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Topics: groundbreaking mixed-use development real estate investment trust retail expansion