Loading

  • 21 Aug, 2019

  • By, Wikipedia

Fashion Outlets Of Santa Fe
The Fashion Outlets of Santa Fe is an outdoor shopping mall in Santa Fe, New Mexico that opened in 1993. The shopping center is owned by 8380 LLC. It is the sole outlet mall in the state of New Mexico, and one of three malls within the city.

Background

The Santa Fe Factory Outlets was curated by California-based developer Steve Craig of Ginsburg Craig and Associates in 1990. At the time, the shopping center was one of two outlet malls simultaneously being developed within the state. The New Mexico Outlet Center also opened a complex in Budaghers, New Mexico in 1993.

History

1993–2016

Ginsburg Craig and Associates developed the first phase of the center by 1993, and announced a second and third phase would follow. The first phase of the project cost $8 million to develop. In 1997, the property owners Chelsea GCA Realty partnered with Michigan based Horizon Group Inc. Horizon Group also owned and operated nearby New Mexico Outlet Center. Following the partnership, several tenants from the Budaghers shopping center relocated to the Santa Fe Factory Outlets. A few years later, the Albuquerque-based reality company Gulfstream Group purchased the property. The new owners would change the name to Santa Fe Premium Outlets. In 2007, Talisman Cos. LLC purchased the property for $9.3 million and acquired several new tenants. In 2009, the shopping center added a Nike Factory Outlet store as an anchor. Nike quietly closed the location in 2016.

2017–present

The property owners faced a foreclosure lawsuit with the lender over an $11 million loan default. In 2023, five years after the loan default with Wells Fargo, the property sold for $5.9 million. Colliers sold the property to 8380 LLC, with the intent to rebrand the center as a marketplace.

Tenants

References

  1. ^ Cornelius, Coleman "Developers Plan 'Yuppie' Mall", Santa Fe Reporter, Santa Fe, 30 August 89. Retrieved on 09 October 17.
  2. ^ Flagg, Michael"He Took a Big Idea to a Little Desert Town", Los Angeles Times, Los Angeles, 04 June 91. Retrieved on 09 October 17.
  3. ^ "Shops, center at Budaghers to highlight N.M. heritage", The Albuquerque Tribune, 2 February 00. Retrieved on 09 October 17.
  4. ^ Stiger, Susan"The Once-Up and Coming Outlet Mall Beside I-25 is For Sale Again", Albuquerque Journal, Albuquerque, 7 June 97. Retrieved on 09 October 17.
  5. ^ Horwath, Justin"Fashion Outlets of Santa Fe Faces Foreclosure Lawsuit", Santa Fe New Mexican, Santa Fe, 23 September 17. Retrieved on 09 October 17.
  6. ^ "Santa Fe Outlet Mall adds Levi’s, Under Armor", Biz Journals, Albuquerque, 17 March 11. Retrieved on 09 October 17.
  7. ^ "Nike Opens New Factory Store Business Wire, 02 April 09. Retrieved 09 October 17.
  8. ^ "Nike Store Holds Grand Opening in Santa Fe" Biz Journals, Albuquerque, 30 March 09. Retrieved on 09 October 17.
  9. ^ Costello, Brittany"Once-promising Fashion Outlets in Danger of Foreclosure", KOB New Mexico News 4, Albuquerque, 24 September 17. Retrieved on 09 October 17
  10. ^ https://www.santafenewmexican.com/news/local_news/bids-for-fashion-outlets-mall-hit-5-9-million-winner-not-disclosed-until-sale-closes/article_14b9018a-5269-11ee-8303-5729c1f4c0f6.html
  11. ^ https://rimarketplace.com/auction/1587/reo-sale-retail-outlet-center-covered-land-development-opportunity-santa-fe-nm
  12. ^ https://www.santafenewmexican.com/news/local_news/local-broker-developer-is-new-owner-of-fashion-outlets/article_2eaa56fe-7e59-11ee-8c1b-83dd43448f13.html
Retrieved from "https://en.wikipedia.org/w/index.php?title=Fashion_Outlets_of_Santa_Fe&oldid=1240210108"