A crowd filled Cross Point Church in Bellevue Thursday to find out how development firm Crosland Southeast would like to revamp the long-struggling Bellevue Center site. The short answer: Replace 1 million square feet of retail with a combination of stores, restaurants, apartments and maybe a theater or an ice rink. The plans come with a big condition, however: Crosland officials say their $100 million project will need TIF help from Metro.
SEE ALSO: The Bellevue Messenger's Twitter feed, which includes an answer to the Ikea question
You don't have to look far these days to find a headline about a restaurant chain struggling to attract or retain diners. But there could be a growing opportunity in luring young people: John McDuling at Quartz has an interesting read on a Piper Jaffray report detailing teenagers' increasing proclivity to gather at restaurants rather than at shopping malls.
Retailers in the CoolSprings Galleria rang up sales of $464 per square foot in 2013, which broke a record the mall set the year before. The 1.1 million-square-foot property ended the year fully leased for the fourth straight time but it's worth noting that growth has slowed: The $464 number was up just 1.1 percent from 2012. (On a CBL-wide basis, sales per square foot climbed 0.6 percent to $356.) That might help explain the flurry of activity since last summer from owner CBL & Associates, which has bought the former Sears store and secured both an American Girl store and a Belk expansion.
The Franklin Planning Commission has approved plans that will allow the expansion of the CoolSprings Galleria, Channel 2 reports.
Work on the three-phase project at the Williamson County-based mall should begin in early 2014.
Read more here.
POSTDATA: WARRANTY DEEDS