STEELE CREEK NEWS
Outlets Held Groundbreaking Today
Outlets of Greensboro and
Simon Property Group of Indianapolis held the
groundbreaking ceremony today for Charlotte Premium Outlets, their
joint venture shopping mall off Steele Creek Road at I-485.
When completed next
summer, the mall will be home to more than 90 upscale brand name and
designer outlet stores and will provide 800 permanent and part time
jobs. It is expected to generate $140 million a year in sales as
well as $10 million a year in sales taxes. The mall is expected to
contribute significantly to Charlotte's tourism industry.
Tanger and Simon
executives could not give a definitive date for the mall opening but
expected to be back in late summer 2014 for the ribbon cutting
called for building 350,000 square feet of the mall in an initial
phase and adding a second phase later to bring the size of the mall
up to 400,000 square feet. However, demand by retailers has been so
great that the entire mall is being built now. This appears to be a
good indicator that retailers have confidence in the future success
of the mall. Most retailers are reluctant to reveal their plans too
early, so don't expect too many announcements about what stores will
be in the mall before next spring.
Although ground was
officially broken today, construction has already been going on for
a week or so, and walls are already up on the south end of the
mall. The mall will generate at least 300 construction jobs, with a
many as 700 people working on the site as the opening approaches.
The site has
been cleared of trees, and the new construction is now clearly
I-485. Passing motorists will easily be able to monitor change on
the site as construction advances towards the opening next summer.
addition to the mall. a hotel, several restaurants, and other retail
and office buildings along Dixie River Road are part of the overall
development. Although some restaurants may be open by the time the
mall opens, most of the additional development will be completed
For more details on the
mall, including the site plan and transportation improvements
associated with the mall, see
Dirt is Moving at Steele Creek's New Outlet Mall Site (9/5/13)
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