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Simon Property Group Announces Domain II


AUSTIN, Texas , May 19 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG), the country's largest owner, developer and manager of high quality retail real estate, announced today a second phase of its Domain project, a tremendously successful mixed-use shopping center which opened in March 2007 and has since garnered much acclaim as Austin's most-desirable address to shop, live and work.

Construction on The Domain II will start next month with completion slated for November 2009 .

The first phase of this 57-acre, mixed-use project opened in March 2007 . Designed as an upscale Main Street center, The Domain features Austin's first Neiman Marcus , Macy's, an unequalled array of the world's most renowned retailers, 10 first-class restaurants, 90,000 square feet of Class A office space and 400 high-end apartments.

The ultimate collection of luxury retail, The Domain includes Apple, Barneys New York Co-Op, Borders Books & Music, Burberry, Cole Haan , David Yurman , Intermix, Louis Vuitton , Ralph Lauren , Sony Style, Stuart Weitzman , Sur La Table, Tiffany & Co. and more.

"While complementary to Domain I in quality," said Kathleen Shields , senior vice president of development at Simon, "Domain II will have its own unique and very hip image, catering to juniors and family shoppers as well as to the fashion-minded clientele of Domain I."

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