Lebovitz Says Macy's Not On Horizon At Hamilton Place

But CBL Continues To Update Its Properties

Wednesday, January 16, 2008

A Macy's is not on the horizon at Hamilton Place Mall for the near future, but CBL & Associates is continuing to update the mall and its holdings that now are scattered in 27 states, Alan Lebovitz told the Hixson Chamber of Commerce on Wednesday.

"We are not going to get a Macy's any time soon," said Mr. Lebovitz, whose grandfather started the Chattanooga-based firm that has grown to a $10 billion conglomerate.

He noted that Hamilton Place once had six anchor department stores and is down to four.

Mr. Lebovitz said the closing of the theatre inside the mall will be followed by the move of Barnes and Noble Booksellers in that spot as well as a new restaurant.

He said CBL is continuing to look for ways to update its properties, noting that the firm took an old drug store space in the Hamilton Place area and replaced it with Coldwater Creek and other popular new stores.

Katie Reinsmidt, who was recently promoted to director of corporate communications and investor relations for CBL, told the club that the firm is now involved in overseas ventures.

She said one in Brazil is well placed since there recently was a huge discovery of off-shore oil nearby.

Another is in China, she said.

Ms. Reinsmidt said Hamilton Place may be getting a facelift. She said CBL likes to update its properties every 8-10 years.

CBL now has 162 properties, including 84 shopping centers.

Mr. Lebovitz said the family got into the shopping center business by accident. He said his grandfather was in the movie business, and sold his theatres - except for a drive-in at Brainerd that had a damaged screen.

He said his grandfather wound up developing Eastgate Mall at that site.

Mr. Lebovitz, who works in the expansion portion of the business, said the firm is continuing to "look for new deals and to grow."

He said as shopping centers change, CBL is adapting. One new property, he said, will include a hotel, 80,000 square feet of office space, 200 apartments/condos, and 700,000 square feet of retail.

"It's very exciting to try something different," he said.


Miller & Martin Practices, Attorneys Recognized In 2017 Chambers USA

Chambers and Partners has recognized Miller & Martin in the 2017 Chambers USA: America's Leading Lawyers for Business report as a leading law firm in the practice areas of Labor & Employment, Corporate/M&A and Litigation: General Commercial, and also recognizes six of the firm’s attorneys. Individual lawyers are ranked on the basis of their legal knowledge and experience, ... (click for more)

Chattanooga Chamber Calendar Of Events May 30-June 2

Thursday, June 1 Downtown Chamber Council Meeting 7:30  - 9 a.m. Bessie Smith Hall: 200 E M L King Blvd. Speaker: Jay Raynor, Defoor Brothers Topic: City Center Development Join the Downtown Council for networking and breakfast from 7:30 - 8 a.m., with the program lasting from 8 - 9 a.m.   $15   East Ridge Chamber Council Meeting 11:45 a.m. - ... (click for more)

Motorcyclist Dies After Crossing Center Line On Bonny Oaks Drive

A motorcyclist died after crossing the center line on Bonny Oaks Drive on Friday night. Chattanooga Police responded at 6:43 p.m. to a traffic crash at 7100 Bonny Oaks Dr.   A Jeep Renegade driven by 33-year-old Christina L. Cangelier was traveling east on Bonny Oaks Drive when a Suzuki motorcycle crossed the double yellow line and struck the Jeep head on. The ... (click for more)

Richard Anderson, 29, Struck And Killed While Trying To Cross Highway 153

Richard Anderson II, 29, was killed Friday night, while trying to cross Highway 153.   Chattanooga Police responded at 11:36 p.m. to a traffic crash involving a pedestrian struck.   A Honda Civic driven by Kelsey Hamilton, 20, was traveling southbound on Highway 153 in the middle lane with other traffic in adjacent lanes.   Mr. Anderson, wearing ... (click for more)

Memorial Day Remembrance

Memorial/Decoration Day officially became rooted in the American consciousness by Major General and then head of the fraternal organization of the Grand Army of the Republic Commander in Chief John A. Logan's General Order No. 11., which publicly conveyed that, “the 30th day of May 1868 is designated for the purpose of strewing with flowers or otherwise decorating the graves of ... (click for more)

Roy Exum: Those Who Said Nothing

I have two wonderful friends who are smart – each has a doctorate. One, a left-leaning liberal, is not bothered in the least by Secretary of Education Betsy DeVos' sweeping cuts and changes to public education. “Trump will be impeached before any of her plans can take place” is the promise. My other chum so far to the right the guy needs a turn signal. “I’ve been watching this ... (click for more)