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Shopping Centers Today -> March 2004
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WORK BEGINS ON TAUBMAN’S NORTHLAKE SUPER-REGIONAL
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With no other super-regional mall in the area, and very little shopping of any kind to the north of the city, the exhaustive search for a suitable site was worth it, says Steve Kieras, Taubman’s group vice president of development.
Taubman found a suitable site 10 miles north of downtown, a 120-acre space the firm acquired in February 2003 from locally based Faison Enterprises.
“It was the right site in the right area at the right time,” said Kieras. Also attractive to the company is the proposed $175 million center’s proximity to the intersection of Interstate 77 and Interstate 485, now being built to loop around the city. “The access to the northern area is as good as you’ll find anywhere in the country as far as a regional mall is concerned,” Kieras said.
Belk, Dick’s Sporting Goods, Dillard’s and Hecht’s will anchor the two-level mall; they will be joined by a movie theater and possibly another anchor, Kieras says. There will also be as many as 150 more shops and restaurants.
Taubman is also looking at adding a 210,000-square-foot Main Street-type outdoor section after the mall opens in September 2005 — similar to the one it added to its 1.2 million-square-foot International Plaza, in Tampa, Fla., says Kieras.
“Once we see who the [interested] tenants are, we’re then going to determine what would be the best complementary use for the outdoor component,” he said. “We want to maximize that opportunity, because once we build it, it’s there.”
Northlake will be built using wood, stone, glass and brick. The center will look contemporary, like many buildings in downtown Charlotte, but it will also have a “woodsy” feel, says Kieras.
“It’s not going to feel like a mall anywhere else in the country,” he said. “You’ll feel like you’re in Charlotte.”
— IR
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