Tanger Factory Outlet Centers has signed a deal with the Peterson Cos. to bring its high-end outlets to the complex. Top company and county officials plan to make a formal announcement Monday at the International Council of Shopping Centers convention in Las Vegas.
“The addition of Tanger Outlet Centers is a significant milestone in the ongoing evolution of National Harbor,” said Milton Peterson, chairman of the Peterson Cos., which opened National Harbor in 2008. “Their relationship with leading national brands and experience in creating first-class retail destinations are a tremendous complement to the existing retail, restaurant and resort offerings at National Harbor.”
No leases have been signed for the proposed $100 million, 350,000-square-foot building, which will sit on about 40 acres just off the Beltway.
But Steven B. Tanger, president and chief executive of Tanger, said his company has relationships with nearly 500 brand-name stores, including Saks Fifth Avenue Off 5th, Nike, Cole Haan, Brooks Brothers, Coach and Tommy Hilfiger.
Officials say they hope to break ground on the project by the end of the year. The center would open 12 to 15 months after the start of construction, meaning the outlets could be open sometime in 2013.
In a county where residents have complained about the lack of shopping options, the arrival of the 80-store enclave will be a welcome addition.
“Prince George’s will get the best of two worlds, the brands and the price,” Peterson said.
Washington area shoppers looking for outlet bargains travel to centers in Loudoun, Prince William and Anne Arundel counties, the closest outlets to Washington but in locations that sometimes require day trips. Tanger Outlet Center at National Harbor, which will be just hundreds of yards south of the Beltway, will give shoppers a much closer option in Prince George’s.
Prince George’s is the second-largest county in Maryland and, according to the Census Bureau, has more households making more than $75,000 than any other jurisdiction in the state, with the exception of Montgomery County. The county’s median household income is $69,947, just above the state’s median household income of $69,272.
While Prince George’s has seen an increase in its number of upscale houses, upscale retail has yet to follow, leaving residents to travel to Virginia and Annapolis to shop.
“This is a great announcement for the residents of Prince George’s County and the region,” said County Executive Rushern L. Baker III. “Our residents have yearned for diverse shopping opportunities for years.”