The expansion is also notable in that it was designed to meet LEED certification, according to the developer. Construction elements including the largest pervious concrete paving project in the US, eco-conscious storm water management, rain water recycling irrigation and reduced water consumption.
New retailers moving into the space include Adidas Factory Outlet, American Eagle Outfitters, Burberry, COACH Factory, kate spade, Kenneth Cole, Juicy Couture, Lucky Brand Jeans, PUMA, Skechers, Tommy Bahama and True Religion Brand Jeans. This expansion is part of Baltimore-based Prime Retail's plans to either develop, renovate or expand some 1.5 million sf of outlet centers in several states as well as in Puerto Rico over the next two years. According to an earlier GlobeSt.com interview with Prime Retail president Bob Brvenik, demand for change in this space is driving the company's construction and development pipeline.
Other developments include a $35 million, 90,000-sf expansion of the 250,000-sf Prime Outlets St. Augustine in Florida. The project will increase the retail center's size by 35%, for a total of 340,000 sf, making room for and 90 new and remerchandised stores.
In March, the city of Grand Prairie, Texas finalized an agreement with Prime Retail for development of a 485,000-sf retail outlet center, to be called Prime Outlets-Grand Prairie. Development is slated to commence this fall for opening in late 2009.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
