They are not seeking any incentives from the city, said Tim Keyes, economic development director for Romulus.
Developers of a luxury outlet center planned for Romulus have gained initial approvals from the city and set a groundbreaking for July — pending final lease negotiations with retailers.
If everything goes according to schedule, the 366,000-square-foot Outlets of Michigan is expected to open at Vining Road and I-94 by fall 2016, Kelvin Antill, development partner at Paragon said. He declined to name any of the retailers that have committed to the project or say what percentage of space has been leased at this point.
But “momentum is picking up … all things point to a … go,” Antill said.
Paragon joined New England Development on the Romulus plan after pulling out of a Canton Township outlet center project late last year for cost reasons.
As lease negotiations continue, the developers are working to secure approval from theMichigan Department of Transportation and the Federal Highway Administration for the entryway access they plan for the 325,000 outlet center near Metropolitan Airport, Antill said.
The developers have submitted storm water plans for the project to Wayne County but must now submit a more detailed plan to the city to secure a building permit, he said.
The outlet center plan has triggered “significant interest” from other developers looking to do similar types of retail and commercial development on the roughly 900 vacant areas near the planned outlet center site, Keyes said.
Meanwhile, tenant negotiations and site plan development continue on a competing luxury outlet center planned for Chesterfield Township.
Birmingham-based Center Management Services Inc. and Cincinnati-based Jeffrey R. Anderson Real Estate Inc. have yet to submit site plans to the city for its 350,000-square foot outlet center on the east side of I-94, north of M-59, said Tom Guastello, a principal on the project.
The Outlets of Southeast Michigan plan, which includes freestanding restaurants and at least one hotel and conference center, has been slated for an April 2016 opening.
Center Management and Jeffrey R. Anderson Real Estate have “a critical mass” of retailers they plan to meet with at the International Council of Shopping Centers‘ annual conference in Las Vegas in May, he said.
Guastello said in December that retailers had signed leases for 20 percent of the space at the outlet center and the developers had letters of intent with other retailers for another 45-50 percent of the planned space.
As planned, the $100 million, open-air concept will include 80-90 national retailers, according to the site plan submitted to the city.