Tanger Factory Outlet Centers Inc. plans to invest an estimated $5 million to renovate and update its sprawling San Marcos outlet mall.
Looking to thwart aggressive new competition in Corpus Christi and Laredo, Tanger Factory Outlet Centers Inc. plans to invest an estimated $5 million to renovate and update its sprawling San Marcos outlet mall. The two South Texas projects — Dolphin Ventures’ The Outlets at Corpus Christi Bay and Horizon Group Property’s The Outlet Shoppes at Laredo — are being built on a scale to rival Tanger’s 441,000-square-foot footprint in San Marcos. Scheduled to launch in September, Dolphin Ventures’ outlet center in Robstown is 330,000-square-feet and its developers say they anticipate 70 stores on opening day. The first phase of Horizon Property’s Laredo outlet center will weigh-in at 350,800 square feet with a possible second phase of 100,000 more square feet. Both projects are well positioned geographically to siphon off affluent Mexicans who generate as much as half of Tanger’s business here. Located at the foot of the Gateway to the Americas international bridges, the Laredo project in particular is taking dead aim at San Marcos’ cash cows. In announcing The Outlet Shoppes at Laredo in June 2013, Horizon Group CEO Gary Skoien said, “There […]