Copley Place to fill Neiman Marcus space with restaurants, luxury boutiques
One of Boston’s largest shopping centers is slated to undergo some big changes.
Simon Property Group has announced plans for a redevelopment of the current Neiman Marcus space at Copley Place, the mixed-use property located in the city’s affluent Back Bay neighborhood. This week, Saks Global said it was closing multiple Saks Fifth Avenue stores, in addition to the Boston Neiman Marcus location, on the heels of its recent bankruptcy filing.
Simon says the new multi-level redevelopment will introduce a “world-class roster” of internationally-recognized luxury retail brands and notable dining to Copley Place, including Casa Tua Cucina, a Miami-born culinary marketplace, and Estiatorio Milos, a globally-acclaimed Greek seafood restaurant founded by Greek-born restaurateur Costas Spiliadis. The project will welcome additional luxury boutiques to be unveiled at a later date.
Construction, which will include an updated exterior remodeling, is expected to begin later this year with phased openings, including additional retail, dining and wellness concepts, in 2028. The new restaurant and retail openings will join a Copley Place’s mix of luxury tenants, including first-to-market Dolce & Gabbana, the expansion of Fendi and Tourneau, and the recently-opened Loewe.
"Copley Place has always been Boston's most exclusive luxury destination, located in the heart of the thriving Back Bay,” said Mark Silvestri, president of development at Simon. “By introducing these globally recognized brands and iconic dining concepts, we're taking an already exceptional experience to an entirely new level. No other location in the market delivers this caliber of luxury in one place.”
Earlier this month, Simon announced plans for a $250 million investment program to improve The Mall at Green Hills in Nashville, Tenn., Cherry Creek Shopping Center in Denver, and International Plaza in Tampa, Fla.. Construction on the properties is expected to begin this year, with tenant announcements to follow.
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Headquartered in Indianapolis, Simon is a real estate investment trust engaged in the ownership of premier shopping, dining and entertainment mixed-use destinations with roughly 200 properties across North America, Europe and Asia.
