REAL ESTATE

University Commons breaks ground, Publix and Walmart to anchor

BY Katherine Boccaccio

Knoxville, Tenn. — CHM announced that it has broken ground on Knoxville’s first urban, vertical retail complex, University Commons.

The Publix- and Walmart-anchored shopping and dining center will cover 12+ acres, with 211,000 sq. ft. of retail space and parking. Besides the two anchors, an additional 40,000 sq. ft. will be dedicated to smaller retailers and service providers once the project is completed.

The complex is intended to fill a grocery and retail void in the downtown and University areas, providing supermarket services in what is considered a federally designated “food desert.”

“We are excited about the opportunity to bring added convenience to the downtown and University of Tennessee area of Knoxville,” said Brian Hooper, VP real estate for Walmart.

University Commons transforms a once non-productive real estate brownfield into a developmental asset while anchoring several other major public and private development efforts in the area. Walmart and Publix are slated to open during the summer of 2014.

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S.Hance says:
Mar-13-2013 04:06 pm

There are a lot of real
There are a lot of real estates nowadays. It is also because of the OFW's they want to build or buy a new house and lot so that they will just transfer. - Aflac Assist LLC

S.Hance says:
Mar-13-2013 04:06 pm

There are a lot of real estates nowadays. It is also because of the OFW's they want to build or buy a new house and lot so that they will just transfer. - Aflac Assist LLC

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REAL ESTATE

Cobbs Ford Village opening spring 2014

BY Katherine Boccaccio

Prattville, Ala. — Brentwood, Tenn.-based GBT Realty said that it is bringing Starbucks Coffee, Aspen Dental and Firehouse Subs to Cobbs Ford Village, a new, in-line shopping center located in Prattville, Ala., in the Montgomery MSA. 


Cobbs Ford Village is approximately 2.52 acres and will house several additional tenants that are now in the beginning stages of signing leases. Groundbreaking for the center will be this April, with an estimated opening date of spring 2014.

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S.Hance says:
Mar-13-2013 04:04 pm

It is quite a big place, good
It is quite a big place, good for the citizens they can put up their own house there. the groundbreaking is very near. Congrats to them. - Aflac Assist LLC

S.Hance says:
Mar-13-2013 04:04 pm

It is quite a big place, good for the citizens they can put up their own house there. the groundbreaking is very near. Congrats to them. - Aflac Assist LLC

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REAL ESTATE

CenterMark to build first free-standing Dollar Tree in Cleveland

BY Katherine Boccaccio

Cleveland — CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

The project breaks ground in March with completion scheduled for August 2013. Construction financing was provided by PNC Bank. HCI is serving as general contractor.

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