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Development du Jour

Retail behemoths Simon Property Group are revisiting a pre-Recession plan to erect a high-rise residential tower on a piece of property hidden behind Bloomingdale's at their Lenox Square mall. Unlike before, the tower would likely house apartments (not condos), and it could be sizable, though concrete plans are pending. Simon has teamed with the same Miami developer as before, when a $250 million luxury condo development was proposed. [Atlanta Business Chronicle]