If the project is approved and built, it would be third retail complex on the Southside since 1999. CBL officials couldn't be reached at GlobeSt.com's publication deadline to learn the estimated cost of the venture.
But area industrial brokers familiar with the Newnan submarket tell GlobeSt.com the project will come in at about $75 per sf or a total $98 million. CBL's development application with the city of Newnan didn't indicate a development cost.
CBL owns and operates the 1.2 million-sf Arbor Place mall in nearby Douglas County, and the 1.1 million-sf Georgia Square Mall in Athens, GA. The Tennessee REIT also owns several smaller shopping centers.
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