As Opening Nears, The Outlet Shoppes at Atlanta Adds 38 New Stores
By Georgiana Mihaila, Associate Editor
The Outlet Shoppes at Atlanta, a 370,000 square-foot retail center currently under development at the newly-constructed exit off I-575 at Ridgewalk Parkway in Woodstock, has recently added 38 stores to its already impressive list of tenants.
Horizon Group Properties—in charge of leasing and managing the center—has now brought the number of stores up to 89 by signing tenants such as Adidas, American Eagle, Auntie Anne’s, GH Bass & Co., Calphalon, Chico’s, Crocs, Fossil, Fragrance Outlet, Kate Spade, Skechers, Papaya, Tommy Hilfiger, The Children’s Place and many more. Existing tenants include Nike, Saks Fifth Avenue OFF 5TH, Bose, Brooks Brothers, Columbia Sportswear, True Religion, Cole Haan, White House|Black Market, Guess, Fossil, Michael Kors, Under Armour, and Talbots.
“The Outlet Shoppes at Atlanta continues to attract the highest caliber retail names,” said Michael Lebovitz, executive vice president of development for CBL. “With the center opening on July 18th at more than 95 percent leased, we are looking forward to building on the momentum of a tremendous opening.”
Originally scheduled to open in August, the official opening date has now been set for July 18, 2013, with co-developers CBL & Associates Properties, Inc. and Horizon Group Properties, Inc. also planning a private preview event to benefit Elm Street Cultural Arts Center on July 17.
Designed in a shopper-friendly configuration, the center will feature covered walkways and landscaped courtyards to maximize the comfort and convenience of shoppers. Its design blends traditional architecture with lively features including a children’s play area. A center court complete with fountains and a fireplace will create a festive atmosphere for shoppers and visitors. The site can accommodate an additional 30,000 square feet of outlet shops and also features seven parcels for restaurants, service businesses and other retail uses.
When completed, the center is projected to generate more than $130 million in annual sales and $3 million in sales and property taxes for the City of Woodstock. The development and operation of the center is expected to generate a total of $34 million in taxes for the City of Woodstock, Cherokee County and its school district over the next ten years. The developers estimate that the center’s convenient location and its proximity to Interstates 75, 85 and 20 will draw over four million visitors annually from a three-state area.
Images via CBL & Associates Properties, Inc.
For more market data on Atlanta, click here.
Tags: Development, leasing, retail