Tanger Planning 50-Acre Upscale Urban Outlet

[IMGCAP(1)]IRVING, TX-Tanger Factory Outlet Centers Inc. this morning will unveil a 50-acre destination retail plan for part of the University of Dallas’ 270.7-acre stake beside Texas Stadium. The announcement comes just one day before Forest City Enterprises Inc. presents its plan for an 88-acre corporate campus for the stadium land, which will be ripe for redevelopment after the Dallas Cowboys vacate the turf.

Tanger is planning a “racetrack design” with 380,000 sf of leasable upscale retail in a garden-type setting with water features as its first test of urban infill markets, according to Herbert Gears, Irving’s mayor. “It’s not your grandpa’s outlet mall,” he emphasizes to GlobeSt.com. “They believe there’s an opportunity. Simply because of the reputation of the quality of manufacturers and widely recognized brands, that it works in the marketplace.”

The Greensboro, NC-based Tanger team, including its president and COO Steven B. Tanger arrived last night in the metroplex for today’s press conference. Neither he nor his teammates were available by deadline to discuss the development timetable.