Simon, a real estate investment trust, has started construction on Sagefield, a 100-acre open-air development in Thompson's Station, Tennessee, set to open in late 2028. The project will feature about 80 boutiques, top restaurants, an organic market, wellness concepts, and extensive green spaces covering 60% of the area. Designed to blend with the natural landscape, Sagefield aims to create a community-focused, pedestrian-friendly environment. The development is expected to generate thousands of construction jobs and hundreds of permanent jobs, boosting the local economy in the growing Nashville market.
Simon’s new Sagefield project highlights its ongoing expansion efforts in real estate. On Pluang, Simon Property Group Inc (SPG) shares trade at USD 234.30, down 0.19% as of Nov 13, 2026 03:22 WIB. The stock carries a dividend yield of 3.92% and a market cap of $75.70 billion, reflecting its strong presence in the sector.
