Posted Jun 13, 2016, 10:46 PM
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Join Date: Sep 2011
Location: Dallas
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Allen Premium Outlets acquires more land and plans to add 30 stores
Maria Halkias
June 13, 2016
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Allen Premium Outlets is expanding. The shopping center is adding space for 30 more stores and has purchased 22 acres adjoining acres to add additional parking and pads for restaurants and a hotel.
The plan is to first add 1,300 new parking spaces on the new land north of the property before it starts construction of new stores in the interior of the center.
About 122,000 additional square feet of retail space will be built in the middle of the center next to the existing Neiman Marcus Last Call.
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The first phase of the expansion is expected to be completed next spring and the interior new stores by fall of 2017, said Danielle De Vita, executive vice president real estate for Simon Premium Outlets.
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Allen Premium Outlets is 100 percent leased and doing very well, De Vita said without disclosing sales figures.
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With the additional news space the center will be 565,000 square feet making it big enough to rank among last year’s top 20 centers, according to an annual list published by Value Retail News.
The shopping center’s customers are not only local, said Kerri Bear, regional vice president of marketing, Simon Premium Outlets. “We have shoppers from Arkansas, Oklahoma and Louisiana as well as a large following from Mexico, Brazil and China.”
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Tanger Outlets is planning to build a center near Texas Motor Speedway in Fort Worth but so is a local developer.
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