June 11, 2025
- First U.S. location and 12th in the world from Value Retail’s Bicester Collection debuts at historic Belmont Park
- 340,000-square-foot luxury outlet village reinvigorates experiential retail to the NYC metro area
- Anchored by elite brands and five-star guest services, the project marks a new CRE era in Elmont, Long Island
A century-old landmark famous for record-holder racehorse Secretariat and the Triple Crown horserace is now galloping into the future—not with thoroughbreds, but with luxury boutiques. With its soft opening last October, Belmont Park Village—the first American location of Value Retail’s Bicester Collection luxury outlet shopping—is redefining the commercial real estate and retail narrative on the Nassau-Queens border. Belmont Park is now a 43-acre, $1.3 billion mixed-use development featuring luxury retail, hospitality, live music and sports entertainment.
Located beside UBS Arena and minutes from JFK Airport, Belmont Park Village is designed as a luxury destination for global shoppers and elite travelers. With 155 high-end boutiques, curated dining, concierge services, and architectural detail inspired by “a journey from Soho to Sag Harbor,” it offers a reimagined, upscale version of the traditional American mall.
The World-Class Village Experience
At Belmont Park Village, the retail experience ripples from international fashion and lifestyle brands to casual and sit-down dining, Parisian pastries and bao buns. More luxury retailers and amenities are launching this year, adding to the village’s prestige. The Bicester Collection’s 12 Villages are world-renowned as iconic, open-air shopping destinations located in major cities in Europe, China and, now in North America.
Here are some retail features that set Belmont apart.
- Global Luxury Brands
U.S. firsts for fashion company Thom Browne, Italian shoe brands Aquazzura and Rene Caovilla, and high-end streetwear Palm Angels, alongside international stalwarts like Swarovski, Longchamp, and Lacoste.
- VIP Shopping & Concierge Services
Coupled with discounts up to 65%, hands-free shopping is made cozier with UBS Arena delivery and grander with personal shopping suites and the plush VIP private shopping space “The Apartment” opening this year.
- A Curated Milieu
340,000 sq. ft. of open-air storefronts bristle in landscaped plazas, boutique-style architecture, celebrated restaurants, and artistic lounge-style bathrooms.
- Destination Dining
French pastries at Ladurée, plant-based menus at Le Botaniste, and an upcoming brasserie from Michelin-starred Patina Restaurant Group delight the gastronomes.
Empowered CRE at the City’s Edge
The opening of Belmont Park Village signals a major pivot in how commercial real estate is positioned and valued in suburban metro markets. Traditionally overlooked in favor of urban high streets or regional malls, Elmont now boasts a high-concept retail village designed to rival international destinations.
Belmont Park Village’s development is not just about retail—it’s also a showcase for local CRE talent. The build-out, led by Aurora Contractors and a slate of Long Island subcontractors, reflects meticulous craftsmanship, regional economic investment, and a clear understanding of the high standards required to support luxury retail. The 1,500-car parking structure, community spaces, and seven restaurant locations amplify the destination’s draw for both New York locals and international visitors.
The scale and ambition of the Village elevate the entire region’s CRE value proposition. It’s not just a mall—it’s a travel-friendly, experience-driven shopping environment drawing foot traffic from airports, sports arenas, and even Manhattan’s urban core. CRE investors now have proof that hybrid use and high-end outlet models can thrive in unexpected places—especially when backed by global operators like Value Retail.
Retail, often seen as the most vulnerable sector of CRE, finds fresh legs at Belmont. Anchored by elite tenants and experiential features, the project defies the narrative of the “dying mall amid e-commerce.” Instead, it embraces a modern vision of consumption—one based on aesthetics, service, and convenience—moving the needle on what’s possible for suburban commercial development.
2025: Belmont’s Effect on CRE & Retail
Belmont Park Village is more than a retail launch—it’s a real estate thesis made manifest. As more tenants open in 2025, and VIP experiences like The Apartment become operational, this project will serve as a model for developers and investors evaluating how to fuse luxury, lifestyle, and logistics.
For commercial real estate in the New York metro area, the message is clear: experiential, design-forward retail destinations can create sustainable demand—even in suburban or transitional neighborhoods. And for retailers, Belmont is proof that the outlet mall has been reborn, now targeting affluent, mobile consumers who crave global fashion without Manhattan congestion.
In 2025, expect Belmont Park Village to become a North American benchmark for upscale outlet development—and a catalyst for similar hybrid projects nationwide. The CRE industry will be watching closely as this ambitious project continues to evolve into a full-fledged retail ecosystem.
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