Simon Property Group and Tanger Factory Outlet Centers announced today that construction of Charlotte Premium Outlets will begin on September 20, 2013. The first phase of the planned 400,000 square foot center will open in summer 2014. The project is a 50/50 joint venture between Simon and Tanger.
Charlotte Premium Outlets, an upscale, Premium Outlet Center serving the greater Charlotte market, will be located eight miles southwest of uptown Charlotte at the interchange of I-485 and Steele Creek Road (NC Highway 160), the two major thoroughfares for the city. More than 900 full and part-time jobs will be created once the center is completed plus there will be more than 400 local construction jobs to be filled during development.
The center will feature Saks Fifth Avenue OFF 5TH and many other great brands. In total, over 90 high-quality outlet stores will be located at Charlotte Premium Outlets.
Tanger is providing site development and construction supervision to the venture; Simon is providing management services and marketing.
Source : Company