CBL & Associates Properties, Inc., (NYSE: CBL) today announced that construction will start in June on its newest community center development, Parkway Plaza, at Fort Oglethorpe.
The grand opening is scheduled for spring 2015 for the 134,100-square-foot project.
Once complete, the 16+ acre site will offer several big name retailers that are new to the area, including anchor stores Hobby Lobby, Marshalls and Petco.
Officials said the new shopping center is already 90 percent leased.
“Parkway Plaza is well-located and its retail lineup will add attractive shopping choices to this highly trafficked retail corridor,” said Michael Lebovitz, CBL’s executive vice president – development and administration. “With CBL’s headquarters located in nearby Chattanooga, this was an exciting opportunity to develop another great center close to home. We are looking forward to announcing additional retailers as the development progresses.”
Committed retailers include Hobby Lobby, Marshalls, Petco, Rack Room Shoes and Ross Dress for Less.
Parkway Plaza will be located on Battlefield Parkway next to the Walmart shopping center.