“we’ve got a very impressive pipe on that with a lot of square footage that will open over the next few years and growing to this day.”

In context

“ipps, and what percentage of that S&O pipeline is luxury in your view? Is it meaningful and are there other Phipps-type luxury projects planned in the portfolio going forward? David Simon: Yeah. Let me, yeah, interesting question again, and I would say, I have it right in front of me. I used to. But here, okay, so we have executed 75 new luxury deals covering 208,000 square feet and we have another 47 out for signature. So that’s kind of a total out there at this point, but again, we’re increasing that every day as we speak. So, yeah, we, even though, the sales for certain brands has slowed in that area. They are continuing to commit and for us, as you know, I mean, the build out and the time for those retailers to open is probably compared to kind of a traditional retailer is longer, but we’ve got a very impressive pipe on that with a lot of square footage that will open over the next few years and growing to this day. Brian McDade: And Flores, the sign but not open number is about 300 basis points. And importantly here though, as you’ve heard David talk about multiple times, this is about merchandising mix. So this isn’t all incremental. We’re swapping out underperforming retailers with better retailers. And we do have retailers making commitments well into the future in that number as well. Floris van Dijkum: Thanks guys. David Simon: Okay. Thanks. Operator: Our next question is from Vince Tibone with Green Street. Vince Tibone: Hi. Good morning. Could you provide some color on the cadence of stabilization for the development and redevelopment pipeline? Specifically, if you could share, how much incremental NOI are expecting in 2025 from the pipeline on a net basis, all the openings this year and next”