Fort Worth getting first retail outlets near Texas Motor SpeedwayFort Worth getting first retail outlets near Texas Motor Speedwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=125382016-03-21T05:00:00Z2016-03-21T19:00:00Z

​​​FORT WORTH - Tanger Factory Outlet Centers plans to build a 350,000-sf shopping center in Fort Worth next to Texas Motor Speedway.

The Tanger center is part of the 279-acre mixed-use project called Champions Circle being developed by Fine Line Diversified Development.

Tanger may also be hedging on his start time because there’s a competing project trying to get built by Fort Worth-based Woodmont Land Co.

The Outlets at Alliance, a proposed 580,000-sf mall near I-35W and Cabela Dr. in north Fort Worth is too close for both projects to get built.

Both projects have come before the Fort Worth City Council which has offered incentive funds capped at $20 million raised from sales taxes, according to a report in the Fort Worth Star-Telegram.

The proposed Tanger center will house 70 brand stores. So far, Tanger has signed leases with Nike, Levi’s, Banana Republic, Gap, Old Navy, Express, Skechers, Carter’s and Oshkosh.

The shopping center is expected to employ 400 full-time and part-time workers during the construction phase. More than 900 jobs are expected to be created after the center opens.

Champions Circle includes several projects designed to extend the time of a trip to the race track. The development is 18 miles north of downtown Fort Worth at the intersection of I-35W and SH 114.

Several additions have already been built or have been announced including a Marriott Hotel, conference center and golf club, Buc-ee’s Travel Center, the 137-unit Churchill Apartments and the 700-unit Gray Dove Apartments.

The development will have more retail space. The Champions Shopping Center will have an additional 540,000 sf of space for free-standing stores and restaurants.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2016/03/tanger-factory-outlet-to-be-built-next-to-texas-motor-speedway-in-fort-worth.html/Read the full article at the {Source}

 Search NewsTalk Texas