Tuesday, May 28, 2013

$220M Ben Carter outlet mall gets go-ahead

Ben Carter
May 23, 2013, 6:34am EDT UPDATED: May 23, 2013, 7:58am EDT Carla Caldwell, Morning Call Editor - Atlanta Business Chronicle

A 1-million-square-foot outlet mall proposed by Atlanta-based developer Ben Carter on 173 acres in Pooler, Ga., near Savannah, received the go-ahead this week from the Pooler City Council.

The OK was necessary due to the large scale of the project, reports the Savannah Morning News. The vote allows work on the foundation to begin in July, although final plans will likely not be approved until December, the paper reported.

Completion of the outlet mall is slated for April 2015. Sales taxes for the first year are projected at $5.5 million, the paper adds.

Terry Coleman, an engineer representing Carter, said the development will be the largest outlet mall between Atlanta and Jacksonville, Fla.

Ben Carter Enterprises filed plans Feb. 28 with the state for the luxury outlet mall.

The plan for the project, which is large enough to qualify as a development of regional impact, or DRI, was submitted to the Georgia Department of Community Affairs.

The proposal said the project would include a 520,000-square-foot outlet mall, a hotel and peripheral retail.

The outparcels could offer more than 500,000 additional square feet, Carter’s website said.

Carter said last year the project could create up to 2,000 retail jobs.

Carter developed properties that include Mall of Georgia, and was the original developer behind Streets of Buckhead, now known as Buckhead Atlanta.

No comments:

Post a Comment