Rosenberg Retail Outlet Officially ComingRosenberg Retail Outlet Officially Cominghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=101302015-05-21T16:10:00Z2015-05-22T00:00:00Z

An initial agreement for Paragon Outlets Houston was signed in September, but the deal was finalized with a new performance agreement that calls for a minimum of 250,000 sf of leasable retail space. However, the city announced that the project will include at least 400,000 sf of retail space.

Paragon also agrees to invest at least $54.8 million, and the city and development company will contribute up to $15 million.

The mall is expected to break ground late this summer and open in November 2016. It is predicted to generate 400 construction jobs and 1,000 permanent jobs as well as $75 million in property value and $160 million in taxable sales annually.

Robert Brvenik, Paragon Outlets Principal, said the mall will have over 100 designer and name brands.

Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2015/05/20/its-official-new-houston-area-outlet-mall-to-rise.htmlRead more at {Source}

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