Business leaders, government officials and members of the media got a sneak peak of the Paragon Outlets in Livermore on Thursday.
Though still under construction, the 543,000–square-foot shopping center is fully leased to a mix of 120 high-end designer and top brand-name tenants.
Armani Outlet, BCBG Max Azria, Burberry, Coach Factory, DKNY, Hugo Boss, Kate Space, Prada, St. John Outlet and Theory are the newest retailers to sign on.
Paragon Outlets will be anchored by Bloomingdale’s outlet and will also include Barney’s New York, Brooks Brothers Factory Store and Neiman Marcus Last Call.
Local officials are eagerly awaiting its opening. Paragon Outlets is expected to bring the city an estimated $2 million in sales tax revenue.
“This mall will have a tremendous economic impact,” Livermore Mayor John Marchand said.
Once complete, the $162 million shopping center along Interstate 580 at El Charro Road will be the largest outlet mall in Northern California — and it’s already planning on expansion.
The shopping center will create 2,000 new jobs in the first phase and approximately 800 jobs in the second phase. Paragon Outlet Partners, a Baltimore-based real estate development firm with one outlet center property in Grand Prairie, Texas, is planning to host a job fair next month to help fill the new positions.
The center is expected to become a huge tourist destination. “We’re in the middle of wine country, which accentuates the destination,” Marchand said. “We will bring groups to shop here in the morning and go wine tasting in the afternoons.”
“What we were looking for here was something to demonstrate the upscale nature of this project,” Marchand. “We wanted something that was more Tuscany or more Provence, not so Barney. It speaks to the upscale nature of this project.”
The grand opening for Paragon Outlets Livermore is slated for Nov. 8.
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