Lake Buena Vista Factory Stores Announces 110,000 square foot Expansion
Although not directly theme park news, I had to share this with everyone because this is a hot tourism spot for Orlando.
The owners of Lake Buena Vista Factory Stores today announced plans to expand their existing outlet center by 110,000 square feet of leasable space by 2016. Sutton Properties, Inc. has received approval by Orange County’s Board of County Commissioners to build on an adjacent tract to the existing 238,000-square-foot center on State Road 535.
The center’s ownership, development and management team anticipates breaking ground in the third quarter of 2015 and grand opening the enlarged and refreshed center in the summer of 2016. At that time, the outlet center will be celebrating its 20th anniversary. Ownership estimates the expansion will create 225 new jobs.
“Our factory stores experienced significant sales growth in recent years as increasingly-savvy visitors and local shoppers, alike, demand their favorite brands in broad selections at tremendous savings,” said Sutton Properties President Sam Sutton. “With this growth has come more inquiries from potential new tenants, but with low store turnover, we needed more space to maximize these opportunities. Expanding our center by nearly 50 percent will enable us to do so.”
Lake Buena Vista Factory Stores’ existing amenities include convenient store front parking, free daily scheduled shuttles servicing 66 Orlando and Kissimmee area resorts and hotels comprising 34,338 rooms (the area’s only shopping center with such a service), a food court, World of Coffee Internet Café, and Frankie Farrell’s Irish Pub & Grille.
Do you shop at the Lake Buena Vista Factory Stores? It is about to get A LOT bigger!