Americans love bargains just as much as they love luxury. That explains why the retail industry is seeing both outlet centers and luxury shopping facilities thrive even while traditional malls are struggling. Currently, several new outlet centers are in the various stages of development. Here, we present the seven largest outlet centers set to open in 2015.
Gloucester Premium Outlets
Exit 7B, New Jersey Turnpike
Gloucester, N.J.
Owner: PREIT-Rubin
Developer: Simon Property Group
Status: Under construction, delivers in summer 2015
Total GLA: 413,000 sq. ft. (plus 32,000 sq. ft. for later expansion)
Total leased: N/A
Source: Avison Young Outlet Resource Group
Outlets at Little Rock
11201 Bass Pro Parkway
Little Rock, Ark.
Owner/developer: New England Development
Status: Under construction, delivers October 2015
Total GLA: 375,000 sq. ft.
Total leased: N/A
Source: Avison Young Outlet Resource Group/CoStar Group Inc.
Grand Rapids Tanger Outlet
398 84th Street SW
Grand Rapids, Mich.
Owner: Tanger Factory Outlet Centers Inc.
Developer: Rockford Construction
Status: Under construction, delivers in April 2015
Total GLA: 350,000 sq. ft.
Total leased: 100 percent
Source: CoStar Group Inc./Avison Young Outlet Resource Group
Outlets at San Clemente
Interstate 5 at West Avenida Vista Hermosa
Orange County, Calif.
Owner/Developer: Craig Realty Group
Status: Under construction, delivers in late summer 2015
Total GLA: 345,000 sq. ft.
Total leased: N/A
Source: CoStar Group Inc.
Outlets at Foxwoods
Trolley Line Blvd.
Mashantucket, Conn.
Owner: Tanger Factory Outlet Centers Inc.
Developer: Gordon Group Holdings
Status: Under construction, delivers in summer 2015
Total GLA: 314,079 sq. ft.
Total leased: 100 percent
Source: Avison Young Outlet Resource Group/CoStar Group Inc.
Outlets at the Border
Camino De La Plaza
San Diego, Calif.
Owner/developer: The Shamrock Group LLC
Status: Under construction, delivers in summer 2015
Total GLA: 140,000 sq. ft.
Total leased: 100 percent
Source: CoStar Group Inc.
