(Crystal Proenza is associate editor of RealEstate Florida.)
ORLANDO, FL-While many retailers are getting pushed out of themarket because of slow sales during the economic downturn, twooutlet centers in Orlando are celebrating expansions and welcomingnew retailers. Prime Outlets International Orlando has recentlycompleted a $300-million renovation and expansion, while OrlandoPremium Outlets is adding 114,000 sf.
"Outlets are the bright spot on the retail horizon," says KarenE. Fluharty, senior vice president of marketing for Prime Retail."They have a tendency to perform better than full price [during adownturn]. Most of that is simply because customers still aspireafter brand name goods and are looking to make smarterchoices."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
