Texas City: Retail centers struggle amid Tanger hype

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by T.J. Aulds/ The Daily News

khou.com

Posted on October 15, 2012 at 8:05 AM

TEXAS CITY — The buzz in town for the week will be the opening of the Tanger Outlets, which is set for Friday. But what does the opening of the massive shopping center mean for other big retail spots, including Mall of the Mainland, Gulfway Plaza in La Marque and other big-box centers in the mid county?

A few miles away from the 350,000-square-foot, 80-store Tanger Outlets center is the nearly empty 450,000-square-foot Mall of the Mainland.

As reported first in Daily News reporter Laura Elder’s Buzz Blog on Friday, Boxer Retail, which had planned to redevelop the struggling mall, is no longer involved.

Kennedy Wilson property management took control of the retail center in June and will manage the property until it is sold.

Pacific West Bank took possession of the mall two years ago and, after initially offering it for $15.4 million, slashed the price to $9.5 million.

Click here to read more at the Galveston County Daily News.

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