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A 58-acre redevelopment of the Oak Ridge Mall which will include the addition of 225,000 square feet of national retail anchors, shops and restaurants adjacent to existing retailers Belk, JC Penney, Cinemark Theaters and Super Wal-Mart. Home to the U.S. National Laboratory and Y-12 Complex, Oak Ridge draws from a trade area in excess of 100,000 residents. The redevelopment also includes 150 multifamily residences, a Class-A office building and hotel. Upon completion, the development and adjoining retailers will comprise over 600,000 square feet of retail space.
Demolition of the existing mall and redevelopment is scheduled to commence in the first quarter of 2015. - Tenancy: Multiple Tenants
|JCPenney Department Store Shoe Store Clothing Store Furniture Store Jewelry Store General Contractor Home Goods Store Store|
|Belk Department Store Clothing Store Store|
|Dockers Clothing Store Food Store|
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The typical asking rate per listing is in the $20's per square foot per year. The Oak Ridge region is seeing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 54% increase in rent.
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