Another outlet center announced for Charlotte region - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Another outlet center announced for Charlotte region

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CHARLOTTE, NC (WBTV) -

Following on the heels of Tanger Outlets announcing it is building an outlet center in Steele Creek, rival Simon Properties announced Thursday they are building a new outlet center to be called Charlotte Premium Outlets.

Projected to open in 2014, the outlet center will be 400,000 square feet and will house approximately 100 designer and name brand stores. It will be located in Stallings, NC, at Interstate 485 and Idlewild Road. The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.

"We're pleased to be partnering with Paragon Outlet Partners to develop this project in a market that Simon knows so well and in which we've had so much success," said John R. Klein, president of Simon's Premium Outlets division, alluding to SouthPark and Concord Mills, both located in Greater Charlotte.

"We look forward to bringing an outstanding collection of many of the finest designers and name brands, offering value, quality and selection in one high-quality outlet center to the marketplace."
Commenting on the new agreement, Robert Brvenik, principal, Paragon Outlet Partners said, "We are excited to be working together with Simon to deliver a new outlet shopping destination for fashion and value-oriented consumers who both reside and visit the Charlotte region."

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