They're very popular with retailers and municipalities who like it because it gives a sense of place, the New Urbanism so popular with customers, popular with tenants and municipalities. It's a great environment for us.

Les Morris

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We always did say we were going to look at the fountain and see if we can keep it. If not, we were committed to a water structure.

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There's some flexibility and creativity in terms of lease agreements. But it is not uncommon for leases in the industry in general to be that long.

CreativityFlexibility

I guess I would say there is some precedent. Those are a couple of examples.

Our executives challenged us to find new and greater uses for space as part of asset intensification at Simon. We are taking a look at our properties along those guidelines, and it starts with world-class retail.