GREENSBORO, N.C., Nov. 12, 2015 — Tanger Factory Outlet Centers, Inc. announced that today it has acquired the land and plans to immediately commence construction of its new outlet center development in Daytona Beach, Florida. When complete, the new center will have approximately 350,000 square feet of retail space and feature over 80 upscale brand name and designer outlet retailers.
“We look forward to delivering a world class shopping experience to residents and visitors of the iconic Daytona Beach area,” said Steven B. Tanger, President and Chief Executive Officer. “The exciting retailers that will be featured at the center will be announced as we get closer to our grand opening date. This new Tanger Outlet Center will bring jobs and add tax revenue to the region.”
The new center will be located at the southeast quadrant of I-95 and LPGA Boulevard, adjacent to the main entrance of the Ladies Professional Golf Association corporate headquarters and golf course. The site is approximately 2.5 miles north of Daytona Speedway and approximately 6 miles from the beaches of Volusia County. The world-class shopping destination is expected to open in time for the 2016 holiday shopping season and to create more than 400 jobs during the construction phase. Once the center opens it is expected to generate over 900 full and part-time jobs and to drive over $8.8 million in tax revenue annually.
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