Outlet Mall Development Negotiating 60+ Tenant Leases
Developer Jeff Middlebrook said there's lots of interest in the Spring Creek Outlets, which recently partnered with Urban Retail Properties on the $225 million project.
A new team formed last week to construct and manage the 550,000-square-foot property on the northwest end of New Lenox that will be a future home to an outlet mall.
Center Creek Development announced a new partnership last week with Urban Retail Properties and Mansur & Company to build, lease and manage the $225 million project, which could break ground in spring 2012.
The developers also sent their first lease agreements to potetntial tenants last week, shortly following the new partnership, Center Creek developer Jeff Middlebrook said.
Spring Creek Outlets would be at the northwest corner across from Silver Cross Hospital's replacement campus. The outlet mall is the main component of a mixed-used development proposed by Center Creek Development that could also include hotels, senior housing and restaurants.
Middlebrook wouldn't name any potential tenants in the outlet mall, but said five lease agreements have been prepared and the developers are negotiating with more than 60.
"We've had a lot of interest," Middlebrook said.