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Shopping Centers Today -> November 2001
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HOUSTON’S GALLERIA GETTING $100 MILLION EXPANSION
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The project will include a sky bridge over a major street on The Galleria’s south side leading to the new shops and anchor stores. The expansion will add 70 specialty shops to The Galleria, some of which will be housed inside the sky bridge, according to Julie Cuenod, the mall’s senior marketing director.
In addition, existing sections of the mall, which is owned by HG Shopping Centers, a Delaware-based limited partnership comprised of Urban Retail Properties and Walton Street Capital, both of Chicago, is getting a $25 million refurbishment, Cuenod said.ALABAMA LIFESTYLE CENTER TO INCLUDE MALL ELEMENTS
A joint venture of four retail property development companies has announced plans to build a lifestyle center in Baldwin County, Ala., that will incorporate a few touches from regional malls.Scheduled to open in fall 2003, the 200,000-square-foot Eastern Shore Centre will feature a 12-screen movie theater and two major department stores — a 109,000-square-foot Sears, complete with an auto center, and a 126,000-square-foot Dillard’s. Little Rock, Ark.-based Dillard’s operates an existing 111,000-square-foot freestanding store at Jubilee Square Shopping Center, an open-air center more than three miles away in Daphne.
The joint venture, called Malbis Bay, is comprised of Herring Group, Dallas; The Trotman Co., Montgomery, Ala.; Forshee Realty, Mobile, Ala.; and Stephens Property Group, Atlanta. Herring Group has a lead role as developer, leasing agent and manager of the project.
Eastern Shore Centre’s two anchors and lifestyle architecture will combine some of the advantages of regional malls with the aesthetic appeal of a small town main street, according to the developers. The project’s roughly 48 stores will line both sides of its streets, and shoppers will be able to park their cars right at their destination. The center also will offer live entertainment in its plazas and outdoor restaurants. Much like a traditional mall, additional parking will be available in open lots that surround the retail space. Peripheral tracts will be developed for more retail offerings, plus office, hotel and restaurant space. At press time the joint venture was in the process of signing leases with unidentified national apparel retailers, according to Buddy Herring, its president.RENAISSANCE AT PARKWAY CITY
Goodbye to Parkway City Mall, in Huntsville, Ala.; make way for Parkway Place: Chattanooga, Tenn.-based CBL & Associates has completed the first phase of a redevelopment that is seeing the demolition of the old one-story mall in downtown Huntsville, and the construction of a new two-level center.The redevelopment’s first phase, involving the construction of a new 167,000-square-foot Parisian department store and a redone Piccadilly Cafeteria, was completed in August. Called Parkway Place, the new regional mall will comprise a total of about 630,000 square feet of retail space, with 275,000 square feet of specialty shops. A new 180,000-square-foot Dillard’s will open in October 2002, along with the balance of the mall.
 | Current Issue December 2008 |