Indianapolis — Simon Property Group and Tanger Factory Outlet Centers have announced that construction has begun on Charlotte Premium Outlets. The first phase of the planned 400,000-sq.-ft. center will open in the summer of 2014. The project is a 50/50 joint venture between Simon and Tanger.
Charlotte Premium Outlets will feature Saks Fifth Avenue Off 5th and more than 90 other outlet stores.
Tanger is providing site development and construction supervision to the venture. Simon is providing management services and marketing.