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AG 1998 09 21
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AG 1998 09 21
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Last modified
3/25/2002 6:08:23 PM
Creation date
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/21/1998
Board
Board of Commissioners
Meeting Type
Regular
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0 <br /> <br />Developer <br />says outlet <br />sure, thing <br />By MARK PLEMMONS <br />Staff Writer <br /> CONCORD - Tanger Outlet <br />Center Will soon close the deal on <br />property at Kings Grant to build its <br />outlet center. <br /> Earth work has been on-going <br />for several weeks at the 37-acre site <br />on the southeast corner of <br />Speedway Boulevard and 1-85, <br />directly across the interstate from <br />the Concord Mills megamall. , <br /> "Construction activity will pick <br />up significantly as soon as we close <br />on the property;" according to <br />Carrie Johnson Warren, spokesman <br />fo~ the Greensboro-based develop- <br /> <br />'Warren said the closing is' <br />expected within the next few days. <br /> Concord Mills is expected to b~. <br />one of the iarges~ mall on the East <br />Coast. <br /> Tanger plans 75 stores in about <br />300,000 square feet. Much of the <br />sp_ac~;is.~a, lready committed either <br />with signed leases or leases that are <br />being negotiated, Warren said. <br />"Tanger never breaks ground until <br />we are significantly full." <br /> The opening date for the center <br />is now expected in early 1999, <br />pushed back from this summer. The <br />project was first announced in <br />October, 1996. <br /> Originally, Tanger had an agree- <br />ment V~ith Bass'Pro. Shops to locate <br />its.new store in the outlet cemer, <br />but the sporf, s retailer later elected. <br />to go across 1-85 to the Concord <br />Mills Mall, Warren s~d. <br /> "We feel its still a Izemendous <br />location aad a destination that sure- <br />ly caa support both centers an~l <br /> <br /> warren sam me compames com- <br />mitted t6 the project are familiar <br />brand names, but ~xactly who is <br />coming won't be released until just <br />before .the: opening. <br /> Tanged:FaCtorY Outlet Centers <br />Inc. Operates 3 I' centers in 23 states <br />with mbre than 60 million visitors a <br />year. It leases space to 260 compa- <br />nies with rdore.than 1t25 stores. <br />Currently 97 'percent 6f i~s 5 mil- <br />lion square feet at leased. <br /> .That is up from 27 centers in 22 <br />states with more than 3.8 million <br />square feet and more than 900 <br />stores when the Kings Grant center <br />was first announced. <br /> <br /> <br />
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