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BLUMENFELD DEVELOPMENT GROUP SET TO CONSTRUCT $360 MILLION RETAIL CENTER

DEER PARK, N.Y. — Blumenfeld Development Group, in a joint venture with Tanger Factory Outlet Centers and Apollo Real Estate Advisors, is developing the Tanger Outlet Center at the Arches, a $360 million retail center in Deer Park. Featuring an Italian-style design, the 800,000-square-foot outdoor pedestrian center will contain a variety of retail brands, restaurants and entertainment. Tenants, which include Neiman Marcus Last Call, Anne Klein, Banana Republic, BCBG, Christmas Tree Shops, Disney, Eddie Bauer, Reebok and New York Sports Club, will be situated on landscaped sidewalks and courtyards with fountains and benches. The center will also include a 71,000-square-foot Regal Cinemas, a seasonal ice skating rink and The Collection at the Arches, a separate 120,000-square-foot wing that will sell only luxury-brand items. Located at the corner of Grand Boulevard and Commack Road and adjacent to a Home Depot, Kohl’s and Stop & Shop, the center will be in close proximity to the Sagtikos and Southern State parkways and the Long Island Expressway, as well as 2 miles from the Long Island Railroad Deer Park train station. The center will also be 45 minutes from Manhattan, New York City, and the Hamptons. Completion is scheduled for summer 2008.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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