VRN - June/July 2015
Outlet centers open in two Southern states
Tanger Outlets Savannah
A big year of phase 1 openings for Tanger starts with a 375,000-sf project on a busy interchange in Georgia.
NED’s second outlet project in two years targets affluent shoppers in the scenic Blue Ridge Mountains.
Just getting started
At VRN press time, the first three outlet centers planned for 2015 had held grand openings – but eight more projects and scores of tenants are steaming toward their own big days in Vancouver, Little Rock, Grand Rapids, Gloucester, Tucson, Tampa, San Clemente and Memphis.
Cyber risks call for vigilance
Complacency isn’t an option for retailers or their landlords when digital perils are growing at a rapid rate.
News Up Front
ICSC elects a new board with CBL’s Lebovitz as chairman; Palm Beach Outlets sells for a pretty penny; 46 tenants prep for the July 9 opening of MCG’s Vancouver center; Simon expands Las Vegas Premium Outlets North; Horizon and CBL start expansions on young projects in Kentucky and Georgia; Calloway becomes SmartREIT.
Luxury focuses on a new consumer: Individualism, fresh experiences and product-customizing are musts for luxury brands’ future.
Ascena to acquire Ann Inc.; Saks Off 5th to tenant three Canadian centers; Authentic Brands buys Jones NY; Longaberger exits the outlet business.
Chicago Premium Outlets phase 2 nears opening; renovations, new stores for St. Augustine Outlets; leasing activities, staff news and more.