SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) AUGUST 11, 2003

CHELSEA PROPERTY GROUP, INC.
(Exact name of registrant as specified in its charter)

Maryland
(State or other jurisdiction
of incorporation

1-12328
(Commission
File Number)

22-3251332
(IRS Employer ID
Number)

103 EISENHOWER PARKWAY, ROSELAND, NEW JERSEY

(Address of principal executive offices)

07068

(Zip Code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (973) 228-6111

_____________________________________________________________________
(Former name or former address, if changed since last report)

Item 7.

Financial Statements and Exhibits

(c)

Exhibit Number

99

Description

Press release dated August 11, 2003.

Item 12.

Results of Operations and Financial Condition

On August 11, 2003, Chelsea Property Group, Inc. issued a press release announcing its operating results for the quarter ended June 30, 2003. A copy of the press release is furnished hereto as Exhibit 99.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 11, 2003

CHELSEA PROPERTY GROUP, INC.

By:     /s/ Michael J. Clarke

         Name: Michael J. Clarke
         Title: Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit Number

99

Description

Press release dated August 11, 2003.

Page

CHELSEA PROPERTY GROUP INC 8-K