New Outlets Coming to Laredo
The City of Laredo along with Horizon Group Properties made a long anticipated announcement today.Transcript (CC) +
The City of Laredo along with Horizon Group Properties made a long anticipated announcement today.
The group revealed their plans to invest $85 million to build a 350,000 square foot outlet mall in Laredo. The outlet shoppes at Laredo will be constructed at the former site of the Riverside Mall in the Downtown area. The outlet center will feature many name brand stores to compete with other nearby outlets like those located in San Marcos and Mercedes shoppers from across the border to shop locally instead. The ultimate goal of this project is to encourage the economic growth of Laredo. The construction of the outlet’s are scheduled the construction of the outlet’s are scheduled to be completed by 2015.