Simon Eyes Long Island Shopping Mall Revamp
The renovation of this 1.2 million-square-foot property will begin this summer.
Simon Property Group Inc. plans to begin a multimillion-dollar transformative project of Smith Haven Mall, a 1.2 million-square-foot shopping mall in Lake Grove, N.Y., on Long Island. The extensive redevelopment will start this summer, targeting completion in 2026.
The renovation project will improve both the exterior and interior spaces of the property. The exterior will be repainted with new signage and entryways. Inside, Smith Haven Mall will have updated flooring, modern fixtures and a revitalized Center Court. The food court will also be transformed with new seating. Outdoors, a green plaza with landscaping and seating areas will be added.
The mall revamp will also feature tenant additions. Zara will open its first location in Eastern Long Island at the property in 2026, Sur la Table will open this fall and Golf Lounge 18 is set to open in March.
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Smith Haven Mall—originally known as Nesconset Shopping Center—opened its doors in 1969. Since 1995, it has been managed by Simon Property Group. The property has undergone several renovations and expansions over the years, becoming a key shopping destination in the region.
The mall’s tenant roster currently includes more than 130 regional and national retailers such as Barnes & Noble, Apple, Guess, H&M, Claire’s, White House Black Market, LoveSac, Dick’s Sporting Goods, Forever21, Sephora, The LEGO Store, The Cheesecake Factory, Ruth’s Chris Steakhouse, Starbucks and Bahama Breeze.
Located at 313 Smith Haven Mall, the retail property is at the intersection of highways 25 and 347.
Simon’s recent activity
Simon currently has roughly $8 billion in assets under management across the globe and its portfolio encompasses more than 400 retail properties across 24 countries.
In September, the firm updated and extended its $3.5 billion multi-currency unsecured revolving credit facility. This amendment increased Simon’s financial flexibility, giving it a total of $8.5 billion in revolving credit capacity.
And this January, the REIT announced plans to develop Nashville Premium Outlets, a 325,000-square-foot luxury shopping and lifestyle destination, starting next year. The company agreed to purchase a large site in Thompson’s Station, Tenn., and construction expected to begin in 2026.
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