Fashion Outlets of Santa Fe

Fashion Outlets of Santa Fe is an outdoor outlet shopping center in Santa Fe, New Mexico. The property opened in 1993 after being developed in phases by Ginsburg Craig and Associates, a California-based development firm associated with Steve Craig. Its first phase reportedly required an $8 million investment and was planned as the beginning of a larger retail complex. The center was developed during a period when more than one outlet project was being pursued in New Mexico, including the New Mexico Outlet Center in Budaghers, which also opened in 1993. The property has changed names and ownership several times. It initially operated as Santa Fe Factory Outlets. In 1997, Chelsea GCA Realty, the property owner at the time, formed a partnership with Michigan-based Horizon Group Inc. Horizon also owned and operated the New Mexico Outlet Center, and the relationship resulted in some tenants relocating from the Budaghers center to Santa Fe. The property was later acquired by Albuquerque-based Gulfstream Group, which changed the name to Santa Fe Premium Outlets. In 2007, Talisman Cos. LLC purchased the center for a reported $9.3 million and added several tenants. A Nike Factory Outlet opened in 2009 and served as an anchor until it quietly closed in 2016. The shopping center subsequently experienced financial and ownership difficulties. Its owners became involved in a foreclosure lawsuit with a lender concerning an $11 million loan default. The property remained associated with that default for several years before being sold in 2023 for a reported $5.9 million. Colliers handled the sale to 8380 LLC. The purchaser was reported to have intended to reposition or rebrand the property as a marketplace, suggesting a possible shift away from its earlier premium-outlet identity. The center is one of three malls in Santa Fe and has been described as the sole outlet mall in New Mexico. Its tenant mix has historically focused on factory stores and discounted branded merchandise, including apparel, footwear, and other consumer goods. Because tenant rosters, ownership arrangements, and the property's post-2023 operating identity may change, current details should be verified against the official property website and local commercial-real-estate reporting.

The property now known as Fashion Outlets of Santa Fe was conceived as the Santa Fe Factory Outlets by Ginsburg Craig and Associates, a California development company associated with Steve Craig. Planning and development began around 1990, when the project was one of two outlet-center developments being pursued in New Mexico. The first phase opened in 1993 at a reported development cost of $8 million. Developers announced that additional phases would follow, although the available reference material does not document the full completion of those plans. The opening coincided with the launch of the New Mexico Outlet Center in Budaghers, creating competition between two outlet properties in the state. In 1997, Chelsea GCA Realty, then associated with ownership of the Santa Fe center, partnered with Michigan-based Horizon Group Inc. Horizon also owned and operated the Budaghers outlet center. Following the partnership, several retailers moved from the Budaghers site to the Santa Fe property, increasing the latter's tenant base. The center later passed to Gulfstream Group, an Albuquerque-based real-estate company. Under that ownership, the property was renamed Santa Fe Premium Outlets. Talisman Cos. LLC acquired the center in 2007 for a reported $9.3 million and added new tenants. In 2009, the property gained a Nike Factory Outlet as an anchor. Nike's location subsequently closed in 2016, removing one of the center's most prominent branded tenants. In the period after 2016, the property encountered significant financial pressure. Its owners became the subject of foreclosure litigation brought by a lender over an $11 million loan default. The reference material characterizes the default as dating back several years before the eventual sale. In 2023, Colliers sold the center to 8380 LLC for a reported $5.9 million. The buyer's stated or reported intention was to rebrand the property as a marketplace, indicating a possible repositioning from a conventional premium-outlet center toward a broader retail or mixed marketplace concept. The property has been described as an outdoor shopping mall in Santa Fe, one of three malls in the city, and the only outlet mall in New Mexico. Its historical business model has depended on attracting shoppers seeking branded merchandise at outlet prices, with tenants primarily selling clothing, shoes, accessories, and related consumer products. The available sources do not provide a definitive current tenant list, an independently verified post-2023 operating name, or a complete account of the marketplace redevelopment. Those details require further review.

1. 2023Sale to 8380 LLC

   Colliers sells the property to 8380 LLC for a reported $5.9 million, with plans to reposition it as a marketplace.

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2. 2016Nike location closes

   The Nike Factory Outlet closes after serving as an anchor tenant.

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3. 2009Nike Factory Outlet becomes an anchor

   A Nike Factory Outlet opens at the center.

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4. 2007Talisman Cos. acquires the center

   Talisman Cos. LLC purchases the property for a reported $9.3 million and brings in additional tenants.

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5. 1997Chelsea GCA Realty partners with Horizon Group

   The partnership contributes to tenant relocations from the New Mexico Outlet Center in Budaghers to the Santa Fe property.

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6. 1993First phase opens

   The first phase of the Santa Fe Factory Outlets opens in Santa Fe after an $8 million development investment.

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7. 1990Outlet-center development is initiated

   Ginsburg Craig and Associates, associated with developer Steve Craig, curated the Santa Fe Factory Outlets project.

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A regional outdoor outlet-shopping destination serving Santa Fe and surrounding New Mexico communities, with a historical emphasis on factory stores and discounted branded merchandise.

• Outlet apparel storesFashion retail1993

  The center's core offering has historically consisted of factory and outlet stores selling discounted clothing from branded and specialty retailers. The available sources do not establish a complete historical or current tenant roster, but apparel has been central to the property's outlet-shopping identity.

• Outlet footwear and accessories storesFashion retail1993

  Footwear, bags, accessories, and related fashion merchandise have formed part of the center's broader factory-store mix. Nike's former factory outlet was a prominent example of the branded footwear and athletic-apparel offer.

• 2023Repositioning as a marketplaceStrategy

  The property was sold after years of financial difficulty and a reported loan default.

  What changed. 8380 LLC acquired the center through a Colliers sale with the intent to rebrand or reposition it as a marketplace.

  Aftermath. The intended repositioning may broaden the property's retail concept, but the available sources do not confirm the completed redevelopment or its final operating identity.

  Reported sale price. $5.9 million (2023)

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• 2007Talisman Cos. acquisitionM&A

  The property changed ownership after its period under Gulfstream Group and its Santa Fe Premium Outlets name.

  What changed. Talisman Cos. LLC purchased the center and added several tenants.

  Aftermath. The acquisition was followed by tenant expansion and the later addition of a Nike Factory Outlet anchor.

  Reported purchase price. $9.3 million (2007)

  Source
• 1997Consolidation of tenants from the Budaghers outlet centerStrategy

  Chelsea GCA Realty partnered with Horizon Group, which also owned and operated the New Mexico Outlet Center in Budaghers.

  What changed. Several tenants from the Budaghers property relocated to the Santa Fe outlet center.

  Aftermath. The relocations expanded the Santa Fe center's tenant base, although the available source does not quantify the change.

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• Foreclosure lawsuit and loan defaultControversy

  The property owners faced foreclosure litigation from a lender concerning an $11 million loan default. The available source does not provide the final legal disposition in detail.

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• 20238380 LLC acquires the property for marketplace repositioning

  Colliers sold the property to 8380 LLC for a reported $5.9 million. The buyer was described as intending to rebrand or reposition the center as a marketplace.

  M&A
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• 2016Nike Factory Outlet closes

  The Nike Factory Outlet at the center closed after operating as an anchor since 2009.

  Other
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• 2009Nike Factory Outlet opens as an anchor

  A Nike Factory Outlet opened at the shopping center, strengthening its role as an outlet-retail destination and serving as an anchor tenant until its later closure.

  Product launch
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• 2007Talisman Cos. purchases the property

  Talisman Cos. LLC acquired the outlet center and added several tenants. The reported purchase price was $9.3 million.

  M&A
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• 1997Chelsea GCA Realty partners with Horizon Group

  The property owner partnered with Horizon Group Inc., which also operated the New Mexico Outlet Center. Several tenants subsequently moved from the Budaghers property to the Santa Fe outlet center.

  M&AOther
  Source
• 1993Fashion Outlets of Santa Fe opens after first development phase

  The first phase of the Santa Fe Factory Outlets development opened in Santa Fe. The project was developed by Ginsburg Craig and Associates and was reported to have cost $8 million for its initial phase.

  Other
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• Property changes name to Santa Fe Premium Outlets

  After acquisition by Albuquerque-based Gulfstream Group, the shopping center adopted the Santa Fe Premium Outlets name.

  Other
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1. Fashion Outlets of Santa Fe
2. Fashion Outlets of Santa Fe official website