June 29, 2012

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Article

New Outlet a Sign of Utah’s Economic Bounceback

Di Lewis

June 29, 2012


With tenants like Nike, Tommy Hilfiger and Coach, Utahns will have even more places to get discount high-end goods when Outlets at Traverse Mountain is finished in November.

The development, announced in 2007, stalled when the national economy went into recession, said Steve Craig, president and CEO of Craig Realty Group, which specializes in upscale outlet centers. He said when Craig Realty was trying to recruit brands to come to Outlets at Traverse Mountain, the answer they kept getting was “no” throughout 2007, 2008 and 2009.

Finally things started falling into place, and Craig said residents and employees will soon have a center they can be proud of and want to shop at.

“This is not your grandmother’s outlet,” said Teri Sunderland, general manager of Outlets at Traverse Mountain. “If you have any preconceived ideas of what an outlet center is, you just haven’t seen it yet.”

It wasn’t easy to get a construction loan for the project, but Craig said he had such a strong vision of what the project could be that he was eventually able to cobble the financing together.

With a cost of $70 million for phase one of the project, Craig said it is bringing a significant amount of money into the local economy. At completion of the first phase, Craig said the center will provide between 700 and 800 jobs, including about 70 managerial positions. At full build out, there will be about 1,500 jobs.

Layton Construction Superintendent Mark Reed said an average of 290 construction workers are on the project every day. The first phase has 225,000 square feet of retail and common area space, 10,000 cubic yards of concrete, almost 1,400 tons of steel and 100,000 square feet of paved walkways.

Outlets at Traverse Mountain is scheduled to open in mid-November with a tree-lighting ceremony.

List of confirmed tenants:

Auntie Anne’s Pretzels
Banana Republic Factory Store
Bass
Calvin Klein
Carter’s
Chico’s Outlet
Coach Factory
Famous Footwear Outlet
Gap Outlet
GoLite
Gymboree Outlet
Izod
J.Crew Factor
Le Creuset
Levi’s Outlet Store
Nike Factory Store
OshKosh B’gosh
Polo Ralph Lauren Factory Store
Rocky Mountain Chocolate Factory
Skechers
Tommy Hilfiger
Under Armour
Van Heusen
Vans Outlet

 

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