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Simon Property and Paragon Outlet in joint venture to open outlet center
INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore, have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.
Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.
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Target to add store in Chicago
MINNEAPOLIS -- Target has announced plans to open a new store in Chicago. The 190,000-sq.-ft. store, to be located on West Division and North Larrabee Streets, is scheduled to open in October 2013.
To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.