Dillard's announcement didn't indicate the hard construction cost of the new store at the 32-year-old Perimeter Mall at 4400 Ashford Dunwoody Road. But area construction industry estimators, experienced in comparable projects, tell GlobeSt.com the store will probably be built for about $200 per sf or a total $40 million. The gross leasable area is 502,000 sf, according to the mall's Web site.

Dillard's will be Perimeter's fourth anchor, joining the 315,000-sf Rich's-Macy's, the 230,000-sf Nordstrom and the 250,000-sf Bloomingdale's, which is scheduled to open in mid-October of this year.

The new stores will bring Dillard's Atlanta-area retail portfolio to 1.2 million sf with a total construction value of $240 million, industry sources tell GlobeSt.com.