Woodbury Common Presents Expansion Plans to Orange County Chamber of Commerce, Outlines Predicted Economic Spinoff
Premium Outlet Center is in the planning stages of an expansion to bolster tourism and economic benefits for the region
CENTRAL VALLEY, N.Y. (May 9, 2019) — Earlier today, Woodbury Common Premium Outlets outlined new details of its proposed expansion that will bolster tourism and job creation for the region. The center’s plans were unveiled at the Orange County Chamber of Commerce monthly breakfast held this morning at Woodbury Common’s Market Hall.
Woodbury Common attracts more than 13 million visitors annually. Home to more than 250 highly sought-after retailers offering daily savings of up to 65 percent, the center has become a major tourism driver for the region and New York State.
To maintain its commitment to enhancing and elevating its customers’ shopping experience, Woodbury Common has proposed plans that include:
- Approximately 165,000 square feet of additional retail space.
- An increase in parking with the addition of a five-level parking garage and expansion of the existing four-level parking garage. In total, more than 2,140 new parking spaces will be created.
- Pads for two 120-room hotels, a spa facility to serve patrons of Woodbury Common Premium Outlets and 37,000 square feet of restaurant space.
- Upgraded customer amenities and sustainability initiatives.
At the breakfast, Woodbury Common representatives cited data from AKRF, Inc., a leading environmental, planning and engineering consulting firm, predicting enormous economic spinoffs from the center’s proposed plans. The economic benefits of the proposed renovations include the creation of 998 additional jobs at the center as well as approximately 400 indirect and induced jobs and more than 1,600 construction jobs over the two-year project.
The proposed expansion will generate both direct and indirect tax revenues, including an additional $22.51 million in retail sales taxes annually including $12.10 million for Orange County, $9.2 million for New York State and $1.21 million for MTA during operations.
“New projects such as this are one of the reasons why economic development in Orange County continues to flourish,” said Steven Neuhaus, Orange County Executive. “The thriving tourism scene offers visitors and residents access to world-class shopping experiences, unparalleled dining and unique family-friendly attractions that can’t be found anywhere else in the state.”
Mike Oates, President and CEO of Hudson Valley Economic Corp., said, “Woodbury Common is one of the region’s most powerful economic drivers. This expansion will greatly advantage the entire Hudson Valley with job creation and increased tourism.”
“The benefits of this project will extend beyond Woodbury Common itself,” said Lynn Allen Cione, Orange County Chamber of Commerce President & CEO. “The creation of nearly 1,000 new jobs offers employment opportunities for local residents, the increased property value and sales tax will generate additional revenue at the county and state levels, and the increased tourism to the region will create ancillary benefits for neighboring businesses. I am excited to see the positive impact these plans will have on Orange County in the coming years.”
“The proposed expansion of Woodbury Common is an exciting venture for the entire county,” said Amanda Dana, Orange County Tourism Director. “With each phase of development, the center has continued to grow tourism in the region and the state by providing a world-class shopping experience and elevated dining options. Adding a lodging and spa component to the campus is a critical piece that will ultimately transition this premier shopping location to a tourism destination. We are delighted to be working closely with the Woodbury Common management team and know the details shared today stand to offer tremendous benefits to Orange County, its residents and its visitors.”
“Woodbury Common is an economic engine for Orange County and the Hudson Valley,” said Bill Fioravanti, Orange County Economic Development Director. “The center is the largest tourism destination in the Hudson Valley and it’s proposed plans for expansion will continue to draw visitors from across the world while boasting revenue and tourism growth for the region, and creating new jobs for the area’s residents.”
This is the fourth expansion since the property first opened in 1985. The latest redevelopment, which was completed in 2018, included an additional 60,000 square feet of retail space, a full renovation, four-story parking garage and Market Hall, an entrance building with a new food court, resulting in a total of more than 250 stores and 912,000 square feet.
About Woodbury Common Premium Outlets
Conveniently accessed from New York City via the New York State Thruway at Exit 16, Woodbury Common Premium Outlets features 250 stores including Tory Burch, Celine, Nike, Bottega Veneta, Michael Kors, Burberry, Coach, The North Face and more, all at a savings of up to 65 percent every day. Market Hall offers a variety of dining opportunities including Chipotle, Pret A Manger, Pinkberry and more. To learn more, visit premiumoutlets.com/outlet/woodbury-common.
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. For more information, visit simon.com.
About Simon Premium Outlets®
The global Simon Premium Outlets portfolio offers exceptional brands at extraordinary savings through a diverse mix of luxury, designer and homeware retailers. Our Simon Premium Outlets in the United States, Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea are some of the most iconic and productive shopping destinations for residents and travelers including Woodbury Common (New York City), Orlando Premium Outlets, Desert Hills (Palm Springs), Las Vegas Premium Outlets and Wrentham Village Premium Outlets (Boston). For more information visit premiumoutlets.com or follow Premium Outlets on Facebook, Twitter, Instagram and Pinterest.
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