The Fashion Outlets of Chicago is going to offer a unique shopping experience once it opens. Normally, outlet malls are usually outdoors and full of stores that could hardly be called luxury. This new Chicago outlet mall is going to offer quite a different experience and will focus on luxury goods.
The first new enclosed mall to be built in the Chicago area in over a decade is a bit of a departure for the outlet center industry.
Fashion Outlets of Chicago, a two-level, $250 million project being co-developed by Coral Gables-based AWE Talisman and Macerich Co., of California, is scheduled to open this summer.
Backers say that unlike a traditional outlet mall, Fashion Outlets will focus on luxury retailers -- who may not drastically discount prices.
And if the project succeeds, analysts say, it could dramatically change the notion of outlet malls nationwide.