Atlantic City Outlets, The Walk
Encyclopedia
Tanger Outlets The Walk is a 109-store open-air outlet mall in Atlantic City, New Jersey
. It is the only outlet mall in Atlantic County
and South Jersey
. The mall opened in August 2003 and spans 3 city blocks, featuring a unique layout in outlet mall construction.
, spans three blocks at the intersections of Atlantic Avenue, Arctic, Baltic, Michigan and Arkansas Avenues. The original phase of the complex was built on the site of the Atlantic City Bus Terminal
, where the original station became a Polo Ralph Lauren
outlet and the new bus terminal was surrounded by the mall. The center's first two expansions are part of what was originally called the "Corridor Project", which built new lighting, roadways, parkland, and a faux lighthouse along the entrance to Atlantic City in the early 2000s. The lighthouse was torn down in 2006 to make way for Phase II which included a large Nike
outlet and other stores that are located in the divider island of Missouri and Arkansas Avenue.
In 2011, a controlling interest in Phase I and II of The Walk was sold as part of a $200 million, two-property sale to Tanger Factory Outlet Centers. A document filed with the U.S. Securities and Exchange Commission said Tanger Properties Limited Partnership agreed to acquire "substantially all of the economic interests" in two outlet properties from Cordish Co. entities, which includes The Walk and another Cordish property in Ocean City, Maryland
. Cordish Co. will remain the owner of Phase III until October, and will keep the right to develop Phase IV.
outlet. Adjacent to the expansion will be a new garage, being built by the Casino Reinvestment Development Authority
, to serve customers of Tanger Outlets The Walk and patrons of the Atlantic City Convention Center. The garage will open in February 2012 and will include street-front stores facing Mississippi Avenue.
Phase IV of the project will be called "Atlantic City Live!" and feature a mix of restaurants, live entertainment, bars and nightclubs. The expansion will be based on the Cordish Company's other projects bearing a "-Live!" suffix, such as Kansas City Live! and Power Plant Live!. In addition, the vacant Sun National Bank building on Atlantic and Arkansas Avenues is expected to be incorporated into the outlet district as a restaurant.
Atlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
. It is the only outlet mall in Atlantic County
Atlantic County, New Jersey
-National protected areas:* Edwin B. Forsythe National Wildlife Refuge * Great Egg Harbor Scenic and Recreational River -Demographics:...
and South Jersey
South Jersey
South Jersey comprises the southern portions of the U.S. state of New Jersey between the lower Delaware River and the Atlantic Ocean. The designation is a colloquial one, reflecting not only geographical but perceived cultural differences from the northern part of the state, with no official...
. The mall opened in August 2003 and spans 3 city blocks, featuring a unique layout in outlet mall construction.
History
The outlet mall, which is owned by Tanger Factory Outlet Centers and the Cordish CompanyCordish Company
The Cordish Company is a real estate development and entertainment operating company with its headquarters on the 6th floor of the Pratt Street Power Plant in Baltimore, Maryland...
, spans three blocks at the intersections of Atlantic Avenue, Arctic, Baltic, Michigan and Arkansas Avenues. The original phase of the complex was built on the site of the Atlantic City Bus Terminal
Atlantic City Bus Terminal
The Atlantic City Bus Terminal is a regional bus station and a major stop for New Jersey Transit buses in Atlantic City, New Jersey. Located at the 1900 block of Atlantic Avenue, the station is now only half its size as part of it was built for a Polo Ralph Lauren store in the Atlantic City Outlets...
, where the original station became a Polo Ralph Lauren
Polo Ralph Lauren
Ralph Lauren Corporation is a luxury clothing and goods company of the American fashion designer Ralph Lauren. Ralph Lauren specializes in high-end casual/semi-formal wear for men and women, as well as accessories, fragrances, home and housewares...
outlet and the new bus terminal was surrounded by the mall. The center's first two expansions are part of what was originally called the "Corridor Project", which built new lighting, roadways, parkland, and a faux lighthouse along the entrance to Atlantic City in the early 2000s. The lighthouse was torn down in 2006 to make way for Phase II which included a large Nike
Nike, Inc.
Nike, Inc. is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered near Beaverton, Oregon, which is part of the Portland metropolitan area...
outlet and other stores that are located in the divider island of Missouri and Arkansas Avenue.
In 2011, a controlling interest in Phase I and II of The Walk was sold as part of a $200 million, two-property sale to Tanger Factory Outlet Centers. A document filed with the U.S. Securities and Exchange Commission said Tanger Properties Limited Partnership agreed to acquire "substantially all of the economic interests" in two outlet properties from Cordish Co. entities, which includes The Walk and another Cordish property in Ocean City, Maryland
Ocean City, Maryland
Ocean City, sometimes known as OC, or OCMD, is an Atlantic Ocean resort town in Worcester County, Maryland, United States. Ocean City is widely known in the Mid-Atlantic region of the United States and is a frequent destination for vacationers in that area...
. Cordish Co. will remain the owner of Phase III until October, and will keep the right to develop Phase IV.
Phase III and IV
The outdoor mall recently completed an expansion to extend the complex across Missouri Avenue. The $15 million addition added 9 new stores and opened in April 2011 with the opening of a HanesHanes
Hanes and Hanes Her Way are brands of apparel currently owned by the HanesBrands, Inc Corporation...
outlet. Adjacent to the expansion will be a new garage, being built by the Casino Reinvestment Development Authority
Casino Reinvestment Development Authority
The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state...
, to serve customers of Tanger Outlets The Walk and patrons of the Atlantic City Convention Center. The garage will open in February 2012 and will include street-front stores facing Mississippi Avenue.
Phase IV of the project will be called "Atlantic City Live!" and feature a mix of restaurants, live entertainment, bars and nightclubs. The expansion will be based on the Cordish Company's other projects bearing a "-Live!" suffix, such as Kansas City Live! and Power Plant Live!. In addition, the vacant Sun National Bank building on Atlantic and Arkansas Avenues is expected to be incorporated into the outlet district as a restaurant.