Horizon Group, CBL to develop The Outlet Shoppes at Louisville
Simpsonville, Ky. -- Following on the heels of successful outlet projects in Atlanta and Oklahoma City, CBL & Associates Properties and Horizon Group Properties announced another joint venture – to co-develop The Outlet Shoppes at Louisville, in Simpsonville, Ky.
The 370,000-sq.-ft. project will be the only outlet center in the state of Kentucky, and will draw residents of Louisville, Lexington, Frankfort and the surrounding area. In addition to serving those communities, The Outlet Shoppes at Louisville will provide tourists and conventioneers with a reason to shop in the state.
Construction will begin in June, with the grand opening scheduled for late summer 2014. Horizon will be responsible for leasing and management of the new center.
The Outlet Shoppes at Louisville is currently more than 75% leased or committed with outlet retailers such as Coach, Banana Republic, Brooks Brothers, Chico’s, Nike, Saks Fifth Avenue OFF 5th and more.
“We are pleased to once again partner with Horizon Group and are excited to bring outlet center shopping to the state of Kentucky,” said Stephen Lebovitz, CBL’s president and CEO.
“Louisville and Lexington are major tourist and retail markets, and we have a terrific location to develop Kentucky’s premiere outlet center,” added Gary J. Skoien, Horizon’s president and CEO.
The pair JV-developed The Outlet Shoppes at Oklahoma City and The Outlet Shoppes at Atlanta.