Glimcher Realty Trust has joined the growing list of developers hoping to build an outlet mall in central Ohio. The Columbus-based mall developer and operator is looking at property in Madison County, according to a county official.
Glimcher Realty Trust has joined the growing list of developers hoping to build an outlet mall in central Ohio.
The Columbus-based mall developer and operator is looking at property in Madison County, according to a county official.
“(Glimcher) came in to review our development standards in mid-November ... for an outlet mall-type property,” said David Hughes, director of the Madison County building and zoning department.
The 52-acre site Glimcher is interested in is farmland located just north of I-70, near London, he said.
“They also talked about included additional acreage,” Hughes said.
This is the fourth proposal for an outlet mall in the region, but experts say it is likely that only one will be built, and that the ultimate winner will be the developer that signs up the most important anchor retailers. Glimcher officials declined to answer questions about the potential outlet mall project in Madison County, but they issued a statement.
It said the company keeps “a robust pipeline of potential acquisitions and development opportunities. ... Should we find the right location, the right pricing and the right interest from our retail partners, we would love the opportunity to grow our portfolio and expand the outlet collection.”
The three other proposals include two near the I-71 and Rts. 36/37 interchange in Delaware County and one in New Albany, on Beech Road, just north of Rt. 161.
“It’s a great question whether any of them will actually be built,” said local developer Robert Weiler, who has reason to be interested in which project actually comes to fruition. Weiler and Nationwide Realty Investors have about 2,000 acres north of the I-71 and Rts. 36/37 interchange for their mixed-use Northstar project. About 350 acres are zoned for commercial use, and the remainder is zoned for residential units, Weiler said.He said that project will be built in stages regardless of whether its outlet mall proposal comes to pass.
“The tenants are the ones who will drive this,” Weiler said of the major outlet retailers such as Banana Republic, Ann Taylor and Nike. “I know they need eight to 10 of the important players to form a nucleus, and then the smaller ones will fall into place once they know for sure where the outlet mall is going.”
California-based Craig Realty and local developer Pat Shively announced plans in December for a 350,000-square-foot outlet center just south of the interchange. It would be part of the larger, mixed-use NorthGate Centre Development that Shively has been working on for several years.
Indianapolis-based Simon Property Group and North Carolina-based Tanger Outlets announced plans in late November for a 350,000-square-foot outlet center just off the busy interchange.
The third outlet-mall plan to emerge came from the New Albany Co. It made a presentation to the New Albany planning commission on Jan. 7 requesting a zoning change to permit “a mixture of commercial uses including retail uses” for a 108-acre parcel of land at Smith’s Mill and Beech roads.
The company is working with Michigan-based Horizon Group Properties.
Shively has previously said, “There is only going to be one outlet mall in central Ohio, and the retailers will pick the one they think has the best demographics and location.”