polo loco New upscale outlet mall planned for west Tulsa
John Stancavage: Tulsa retail real estate at a premium
OKLAHOMA CITY Woodland Hills Mall owner Simon Property Group is planning to a build a new upscale outlet mall in west Tulsa, a company official said Tuesday.
Simon Properties’ mall portfolio announced the project during the International Council of Shopping Centers’ Oklahoma Idea Exchange at the Skirvin Hilton Hotel in Oklahoma City on Tuesday. 75 and 61st street, said Robert Alexander, senior vice president of leasing for the mall portfolio of Simon. The site has already been leased, though construction has yet to begin.
“We think the outlet mall will be great for the city of Tulsa,” he said. “The local government and chamber of commerce have been great to work with.”
Alexander said the design and size of the outlet mall hasn’t yet been finalized, though he expects it to be similar to Allen Premium Outlets in Allen Texas, near Dallas, only somewhat smaller.
Allen premium outlets has 100 stores, including Neiman Marcus Last Call, Adidas, Ann Taylor, Nike, Polo Ralph Lauren, Banana Republic, Coach, Gap Outlet, J. Crew, Kenneth Cole, Tommy Hilfiger, True Religion and others.
Alexander said he didn’t have any further information on the project, which is being undertaken by Simon’s premium outlet division. 75 and 61st Street.
Simon Properties, owners of enclosed malls and outlet malls throughout the country, also owns and operates Woodland Hills Mall in Tulsa and Penn Square Mall in Oklahoma City.
Though Alexander said Simon is committed to its enclosed mall, the overwhelming majority of its current $1.7 billion development of new shopping centers internationally is focused on outlet malls.
“Our outlet group is bullish on the market,” he said.
Alexander said that while other malls have declined or remained flat during the recession and its aftermath, Oklahoma’s malls have performed well.
“I can tell you that year after year, the way we make our growth in the company is through Oklahoma,” he said.
Earlier this year, Simon completed the first major mall wide renovations at Woodland Hills Mall in nearly 20 years. The project included new mall entrances, updated restaurants and a new food court. Alexander said removing a small island of shops and restaurants between the food court and the rest of the mall was difficult, as it involved relocating tenants who had long term leases.
But he said opening up the space was worth it.
“We’ve had some Simon executives touring the space, and they were impressed,” Alexander said.
There are never, EVER any deals at these “outlet” malls. This is such a scam that Branson first cashed in on and now everyone follows. You really think these stores are going to pay to ship items they can’t sell in their main stores to “outlet” stores just so they can mark them down further?
The last real “outlet” that we had here in Tulsa was the Dillard’s one out in Eastland mall. You knew it was a real outlet because that place was a DUMP. zero overhead because they were really dumping old clothes that didn’t sell there. Another place that is a real “outlet” is Name Brand Clothing 1/2 of 1/2. But shopping addicts demand the stores look just as nice as the ones in the main malls so these paved over monstrosities were created. Tulsa should demand that half of the parking is a garage to maximize land use. But they won’t because they Wore themselves out to the almighty dollar.