Juno Property Group
A recognized leader and visionary in the shopping center industry, Larry Siegel has revolutionized the way that consumers spend leisure time. Throughout his 35-year career, and currently in his role as chairman of Juno Property Group, he has led the development of over three dozen world-class retail and entertainment destinations, projects comprising 35+ million square feet of space, in major markets across the U.S. and in Canada and Europe. As chairman of the board and CEO of the Mills Corporation, a Washington-DC based REIT, Siegel pioneered the modern-day outlet shopping experience, creating some of the first off-price centers in the U.S. and later bringing the outlet-shopping format into the 21st century. With Potomac Mills, Sawgrass Mills and Vaughan Mills, he worked to mainstream the outlet center into a popular retail format. Fueling its success, the Mills off-price shopping centers incorporated better brands like Saks OFF 5th, Neiman Marcus Last Call, Coach and Polo, among others, and blended consumer-friendly amenities into the shopping center like megaplex movie theaters, themed restaurants and vibrant entertainment. Along with other U.S. achievements, including one of the first and most successful lifestyle centers in the U.S., the Block at Orange in Southern California, Siegel has earned a reputation in international development. One of the first U.S. developers to build a ground-up regional mall on the European continent, Madrid Xanadu, Siegel also saw the importance of cross-border retail and brought one of the first IKEA stores to the U.S., the first Bass Pro Shops and Linens-N-Things stores to Canada, and the first Tommy Hilfiger store to Europe, to name a few. In leaving an indelible mark of creativity and entertainment on the modern-day retail experience, Larry Siegel has been recognized by Chain Store as one of the “Top 25” people influencing retail in the 1990s. Additionally, while at Mills, he was chosen as Greater Washington, D.C. Real Estate and Construction Entrepreneur of the Year in the annual program sponsored by Ernst & Young.