Chattanooga's CBL Seeks Green Light on 1.3 Mil-SF Regional Mall

ATLANTA-CBL & Associates of Chattanooga, TN, one of Atlanta’s most aggressive shopping center developers, is asking the Atlanta Regional Commission to approve its planned 1.3 million-sf, 150-acre Mall at Newnan Crossing in Newnan, GA, 20 miles south of Downtown Atlanta. The estimated opening is 2004. No anchors have been announced.

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.