First Glimpse at Marana’s Future Tucson Premium Outlets

MARANA, AZ — The public caught a first glimpse of the Tucson Premium Outlets Thursday at the official ground breaking ceremony in Marana. This 366,000-square-feet project began moving dirt in August, so was well underway for the official ceremony hosted by developer, Simon, Vintage Partners and dignitaries from the Town of Marana.

Vintage Partners (Michael Treadwell) sold the 46-acres of its 161-acre mixed-use commercial center in Marana, on the south side of Twin Peaks Road between I-10 and Linda Vista Boulevard to Simon Property Group for $12.26 million ($266,505 per acre) for construction of the much anticipated 366,000-square-foot open-air outlet mall, called Tucson Premium Outlets. Simon, a global leader in retail real estate is an S&P 100 company (Simon Property Group, NYSE: SPG).

The Grand Opening is planned for one year from now,  in the fall of 2015, and Tucson Premium Outlets is destined to become Southern Arizona’s premier outlet shopping destination, featuring designer and name brands at savings of 25 to 65 percent. This value shopping destination will anchor Marana Center, a 161-acre mixed-use commercial center being developed by Vintage Partners.

Tucson Premium Outlets will offer a mix of product categories including apparel and shoes, fashion accessories, leather goods, home furnishings, and specialty. There will also be a Food Pavilion with multiple dining options. In all, there will be 366,000-square-feet of leasable space. The approximate $39 million project by Simon, has Chasse Building Team of Mesa as General Contractor and Architects Orange of Orange County, CA for the design.

“We are excited to officially begin development on Tucson Premium Outlets and would like to thank The Town of Marana and its residents for their tremendous support of this project,” said Mark Silvestri, Chief Operating Officer for Simon Premium Outlets. “We expect Tucson Premium Outlets to make a significant economic impact with the creation of 300 to 500 construction jobs and more than 800 full-time and part-time retail jobs upon opening.”

“The Town of Marana is excited to see the commencement of the Premium Outlets project,” said Marana Town Manager Gilbert Davidson. “The demand for destination shopping in Southern Arizona is strong, so our staff pledges to do everything possible to assist in ensuring the center’s anticipated fall 2015 opening.”

Marana’s Mayor, Ed Honea said, “The Town of Marana couldn’t be more excited or committed to the success of this project at this significant site, the first interchange to be built in Southern Arizona in 20-years, at I-10 and Twin Peaks. It will bring a tax base of a couple million dollars per year to Marana in addition to bringing approximately 800 new jobs to the region.”

The global Simon Premium Outlets portfolio offers exceptional brands at extraordinary savings through a diverse mix of luxury, designer and popular retailers representing the best in fashion, family and home. With 84 Simon Premium Outlets in the United States, Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea are some of the most iconic and productive shopping destinations for residents and travelers including Phoenix Premium Outlets (Chandler, AZ), Woodbury Common (New York City), Orlando, Desert Hills (Palm Springs), Las Vegas and Wrentham Village Premium Outlets (Boston).

Missing from the ceremony was any tenant announcements, however the Simon Group is expecting tenant confirmations to be announced after attending the December ICSC conference in New York.

To learn more, visit www.simon.com or visit Premium Outlets at www.premiumoutlets.com or follow them on Facebook, Twitter, Instagram and Pinterest.