Construction will begin next spring on a new outlet mall near the Mall of America.
The Eagan City Council on Tuesday night approved Paragon Outlet Partners’ proposal for a 420,000-square-foot outlet mall near the busy intersection of Cedar Avenue and Highway 13. It will have room for 90 to 100 stores.
Paragon says pre-leasing is going well, but hasn’t yet announced any prospective tenants, according to Jon Hohenstein, Eagan’s director of community development. The company has said it will pursue many of the same tenants that have stores at its other outlet projects, including brands such as Barneys New York, Brooks Brothers, Coach, Michael Kors, Neiman Marcus Last Call, and Saks Fifth Avenue Off 5th.
The company wants to open the mall in November 2014, Hohenstein said. Paragon recently opened outlet malls in the Dallas and San Francisco markets. The company’s principals previously were top executives at Prime Retail, a leading outlet mall developer that was sold to Simon Property Group Inc. in a $2.33 billion deal in 2009.