Michigan Company To Develop Outlet Center On Rentschler Field

by Categorized: Commercial Construction, Stores and Restaurants Date:
An outlet mall would be built near The Stadium at Rentschler Field under a development agreement. Map Courtesy of Horizon Group Properties Inc. with additions by The Hartford Courant.

An outlet mall would be built near The Stadium at Rentschler Field under a development agreement. Map Courtesy of Horizon Group Properties Inc. with additions by The Hartford Courant.

A Michigan company has signed an agreement to develop an outlet shopping center on Rentschler Field in East Hartford that would open in 2016.

Horizon Group Properties Inc. said late Wednesday the 350,000-square-foot — to be named “The Outlet Shoppes at Rentschler Field — would include covered walkways and landscaped courtyards, plus a center court.

Horizon did not name any of the brands that would be in the outlet mall. A development cost also was not disclosed in a news release.

The announcement comes two weeks after the state and United Technologies Corp., which owns the majority of Rentschler Field, announced a deal that includes the construction of a new corporate headquarters for Pratt & Whitney nearby.

Horizon and Hartford-based UTC did not immediately respond to emails this morning seeking further comment. The Matos Development Group, Rentschler Field’s master developer, also did not respond.

The outlet center would be the first retail development on Rentschler since the opening of Cabela’s in 2007.

Horizon is the second developer to seek to develop a retail-oriented development on Rentschler. A year ago, Utah-based OTB Destinations had signed a letter of intent with UTC to build a retail and entertainment complex on the former airstrip. The status of those plans was unclear early today.

Any plans would still require state and local approvals.

Horizon’s web site shows it operates seven outlet centers nationwide, the closest to Connecticut being in Gettysburg, Pa. Horizon has three more centers in development and is looking to develop another two sites. East Hartford is not shown on a map plotting Horizon’s footprint.

Outlets mentioned on the site include Aeropostale, Coach, Gap, Polo Ralph Lauren and Tommy Hilfiger.

Horizon said the site would accommodate a 50,000-square-foot expansion.

“We look forward to developing this property,” Gary J. Skoien, Horizon’s chief executive, said. “Rentschler Field has been a recognized location and destination to the people of Hartford and Connecticut, New York, Massachusetts, and other surrounding states for many years.”

Horizon said the center is projected to generate more than $130 million in annual sales a.nd $1.2 million in property taxes and $8.2 million in sales taxes.

The outlet center would be part of a much larger development of 650 acres

In 2004, UTC chose Matos as the master developer. Matos envisioned a build-out of between 15 and 23 years, culminating in 2030.

 

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