Horizon Group Properties, CBL Break Ground on Phase 3 of The Outlet Shoppes at Oklahoma City
- Mar 24, 2014
Horizon Group Properties and CBL & Associates Properties Inc. recently broke ground on the third phase of the Outlet Shoppes at Oklahoma City. Horizon is responsible for leasing, marketing and managing the center; CBL and horizon are its co-developers.
Since opening in 2011, the 368,000-square-foot center has become a favorite destination for not only Oklahomans but also for shoppers in neighboring Kansas, Arkansas and Texas. Located at 7624 West Reno Ave., the property benefits from the 112,000 cars that pass the site daily and features 100-plus familiar brands, including Banana Republic, Coach, Brooks Brothers, Gap Outlet, Nike and Under Armour.
Due to the immediate success of the first phase, phase two followed just 15 months later. Phase three is scheduled to open within 36 months of the property’s debut in 2011.
Gary J. Skoien, CEO of Horizon Group Properties, said: “We are thrilled that the first two phases of The Outlet Shoppes at Oklahoma City continue to perform well and are pleased to be able to attract additional retailers to join what is already a stellar list of famous brands.”
The site of the third phase is located on the southeast side of the center near I-40. In addition to the expansion, Horizon plans to add numerous amenities throughout the property, including sidewalk canopies and large fans for shopper comfort.
With site work already under way, building construction is scheduled to start at the beginning of March. Upon completion, before the 2014 Back-to-School season, the addition is expected to generate an extra $225,000 of local sales tax.
Photo Courtesy of: The Outlet Shoppes at Oklahoma City via Facebook (www.facebook.com/TheOutletShoppesatOklahomaCity).