CBL and Horizon Group Break Ground on Phase II of The Outlet Shoppes of the Bluegrass
April 03 2015 - 10:00AM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon
Group Properties, Inc. (OTC: HGPI) announced today that
construction has begun on the second phase of The Outlet Shoppes of
the Bluegrass, near Louisville, KY. The 53,400-square-foot
expansion is scheduled to open this November and will bring eight
more popular retailers to the center including H&M, Abercrombie
& Fitch, The Limited Outlet, and Johnny Rockets. The outlet
shopping center, located off Interstate 64 between Louisville and
Lexington, opened July 31, 2014. Phase II will be located at the
north side of the center and will have excellent visibility from
I-64.
“The Outlet Shoppes of the Bluegrass has been successful since
its opening last July due to the collection of retailers and the
ideal location,” said Michael Lebovitz, executive vice president –
development and administration for CBL. “This expansion allows us
to add even more great retailers to the mix.”
“The expansion of The Outlet Shoppes of the Bluegrass less than
nine months after its original opening speaks volumes about the
strength of the market and success of the outlet concept in
Kentucky,” said Gary J. Skoien, chief executive officer of Horizon
Group Properties.
Completion of phase II is scheduled prior to the 2015 holiday
season.
About The Outlet Shoppes of the
Bluegrass
The Outlet Shoppes of the Bluegrass is Kentucky’s only Outlet
Center and the regions premier shopping experience for factory
store retail. It features over 90 famous name brand stores
including Nike, Coach, Tumi, Michael Kors, Gucci, Saks Fifth Avenue
OFF 5TH, GAP, Oakley, Carter’s, Oshkosh, Kate Spade and many more.
The Outlet Shoppes of the Bluegrass is located at I-64 at exit
28.
The Outlet Shoppes of the Bluegrass is a joint venture of CBL
& Associates Properties, Inc. and Horizon Group Properties,
Inc. Horizon and CBL are co-developers of the project; Horizon is
responsible for leasing and managing the center.
About Horizon Group Properties,
Inc.
Based in Norton Shores, Michigan, with executive offices in
Rosemont, Illinois, Horizon Group Properties, Inc. is an owner and
developer of factory outlet shopping centers and is the developer
of a master planned community in suburban Chicago. For more
information, please visit www.horizongroup.com.
About CBL & Associates Properties,
Inc.
CBL is one of the largest and most active owners and developers
of malls and shopping centers in the United States. CBL owns, holds
interests in or manages 148 properties, including 89 regional
malls/open-air centers. The properties are located in 30 states and
total 84.2 million square feet including 6.5 million square feet of
non-owned shopping centers managed for third parties. Headquartered
in Chattanooga, TN, CBL has regional offices in Boston (Waltham),
MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found at cblproperties.com.
CBL & Associates Properties, Inc.Dan Summerlin,
423-490-8315Director of Corporate
Relationsdan_summerlin@cblproperties.comorHorizon Group Properties,
Inc.Gina Slechta, SCMD, 402-991-0875Vice President of
Marketingmarketing@horizongroup.com
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