Aug
25

Outlet Center Planned for SW Charlotte

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A joint venture between Simon Property Group Inc. and Tanger Factory Outlet Centers Inc. has closed on 42 acres of land in the Steele Creek area in southwest Charlotte, where the companies plan to develop a 350,000-square-foot retail outlet that is slated to open next year.

Charlotte Outlets, a limited liability company managed by Simon and Tanger, purchased the land at the Interstate 485 interchange at Steele Creek Road for $8.7 million.

Simon and Tanger announced they were teaming up on the project, previously a Tanger project, in late November.

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