Saks’ Discount Chain to Anchor New Eagan Outlet Mall
Saks Fifth Avenue Off 5th will anchor a new outlet mall in Eagan, which is scheduled to open in November 2014.
The developer of the planned mall—Baltimore-based Paragon Outlet Partners—said Monday that the Saks store will occupy 28,000 square feet of the 400,000-square-foot open-air shopping center, which will have roughly 100 stores. Saks Fifth Avenue Off 5th is the discount division of upscale retailer Saks Fifth Avenue and currently has only one location in Minnesota—at 655 Nicollet Mall in downtown Minneapolis.
“As we create a dominant outlet center in the Twin Cities market, the addition of Saks Fifth Avenue Off 5th represents our steadfast commitment to offer customers convenient access to a collection of the world’s most iconic brands at dramatic savings,” Paragon Outlet Partners Principal Nicholas King said in a statement.
The new mall, called Paragon Outlets Twin Cities at Eagan, will be located at the intersection of Cedar Avenue and Highway 13—less than five miles south of the Mall of America in Bloomington. According to Paragon, construction of the mall, which is expected to start next spring, will create about 400 jobs, and the mall will employ between 1,500 and 2,000 once it is open.
The Eagan City Council approved the $100 million mall in mid-November, making way for the first major outlet mall within the seven-county metro area, the Star Tribune reported last week. Albertville Premium Outlets and North Branch Outlets are on the fringes of the metro area.
“We recognize the opportunity and growth potential in the Paragon Outlets Twin Cities at Eagan,” Robert Wallstrom, president of Saks Fifth Avenue Off 5th, said in a statement. “This location will enable us to continue to deliver our distinct merchandise offerings and service to area residents and visitors in the Minneapolis-St. Paul marketplace.”
While the new outlet mall will be a major addition when it comes to discount shopping in the Twin Cities area, the metro area has recently lost at least two major luxury department stores: Neiman Marcus, which will close its downtown Minneapolis store by July 2013, and Bloomingdale’s, which shuttered its Mall of America store earlier this year. To learn why high-end retail is a tough sell in the Twin Cities, read Twin Cities Business’ November feature story here.