Tanger Outlets The Walk
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| Location | 1931 Atlantic Avenue, Atlantic City, New Jersey, United States |
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| Opening date | August 2003 |
| Developer | Cordish Company |
| Management | Cordish Company |
| Owner | Tanger Outlets (Phase I & II) Cordish Company (Phase III & IV) |
| No. of stores and services | 109 |
| No. of anchor tenants | 9 |
| Total retail floor area | 1,292,611 square feet (120,087.5 m2) |
| Website | www.acoutlets.com |
Tanger Outlets The Walk is a 109-store open-air outlet mall in Atlantic City, New Jersey. It is the only outlet mall in Atlantic County and South Jersey. The mall opened in August 2003 and spans 3 city blocks, featuring a unique layout in outlet mall construction.
History
The outlet mall, which is owned by Tanger Factory Outlet Centers and the Cordish Company, spans three blocks at the intersections of Atlantic Avenue, Arctic, Baltic, Michigan and Arkansas Avenues. The original phase of the complex was built on the site of the Atlantic City Bus Terminal, where the original station became a Polo Ralph Lauren outlet and the new bus terminal was surrounded by the mall. The center's first two expansions are part of what was originally called the "Corridor Project", which built new lighting, roadways, parkland, and a faux lighthouse along the entrance to Atlantic City in the early 2000s. The lighthouse was torn down in 2006 to make way for Phase II which included a large Nike outlet and other stores that are located in the divider island of Missouri and Arkansas Avenue.[1]
In 2011, a controlling interest in Phase I and II of The Walk was sold as part of a $200 million, two-property sale to Tanger Factory Outlet Centers. A document filed with the U.S. Securities and Exchange Commission said Tanger Properties Limited Partnership agreed to acquire "substantially all of the economic interests" in two outlet properties from Cordish Co. entities, which includes The Walk and another Cordish property in Ocean City, Maryland. Cordish Co. will remain the owner of Phase III until October, and will keep the right to develop Phase IV.[2]
Phase III and IV
The outdoor mall recently completed an expansion to extend the complex across Missouri Avenue. The $15 million addition added 9 new stores and opened in April 2011 with the opening of a Hanes outlet. Adjacent to the expansion will be a new garage, being built by the Casino Reinvestment Development Authority, to serve customers of Tanger Outlets The Walk and patrons of the Atlantic City Convention Center. The garage opened in February 2012 and will include street-front stores facing Mississippi Avenue.[3]
Phase IV of the project will be called "Atlantic City Live!" and feature a mix of restaurants, live entertainment, bars and nightclubs. The expansion will be based on the Cordish Company's other projects bearing a "-Live!" suffix, such as Kansas City Live! and Power Plant Live!. In addition, the vacant Sun National Bank building on Atlantic and Arkansas Avenues is expected to be incorporated into the outlet district as a restaurant.[4]
References
External links
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