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STEELE CREEK NEWS

Community Meeting on New Outlet Mall Rezoning is December 11

Tanger Outlet Mall(December 6, 2012) Representatives of Steele Creek Limited Partnership will be holding a Community Meeting on Tuesday, December 11 beginning at 6:00 PM to provide information on two rezoning petitions of interest to Steele Creek residents.

Date:          Tuesday, December 11
Time:         6:00 PM (Petition 2013-102) and
                  7:30 PM (Petition 2013-101)
Location:   Steele Creek Presbyterian Church
                  7407 Steele Creek Road

Tanger Outlets of Greensboro and Simon Property Group of Indianapolis announced last week that the two companies will jointly develop the outlet mall planned at Steele Creek Road and I-485. (See Press Release.) Rezoning Petition 2013-001 requests changes that will allow construction of the mall, as many as five upscale restaurants, a hotel, and additional commercial uses.

The 350,000 square-foot mall will be named Charlotte Premium Outlets. Tanger will provide site development and construction supervision to the venture and will own the mall. Simon will provide management services and marketing to the joint venture. Both companies will provide leasing services. They expect the center to have its grand opening in the spring of 2014. When completed, the center will be home to more than 90 upscale brand name and designer outlet stores.

Tanger and Simon expect the project to create a significant economic impact on the area and many opportunities for employment. During the mall's approximately year-long building phase, approximately 300 construction jobs will be created. The retailers are expected to employ more than 900 in full and part-time retail management and sales jobs at the mall when open.

Rezoning Petition 2013-002 is to allow industrial and office uses on approximately 110 acres located east of I-485 between Sandy Porter Road and West Arrowood Road. The I-1 (CD) and O-1 (CD) zoning will allow the installation of a billboard to alert motorists traveling north on I-485 to take the next exit to visit the new outlet mall.

Steele Creek Limited Partnership owns most of the property where the mall will be built and the entire site for the industrial and office rezoning.

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