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ASHEVILLE, N.C. — Tremont Realty Capital LLC and New England Development have teamed up to transform the Biltmore Square Mall in Asheville into the city's first outlet center. The joint venture plans to build a 325,000-square-foot retail center, located off I-26 at 800 Brevard Road, which is scheduled for completion in 2014. The nearest outlet center is 80 miles away, according to a New England Development press release. The property was originally developed in 1989 as a regional mall anchored by Belks and Dillard's. Tremont acquired the property in 2010.