Dillard's Plans 200,000-SF Store at Perimeter Mall

ATLANTA-Dillard’s Inc. is bullish on metro Atlanta’s retail scene, planning new 200,000-sf stores to open in summer and fall 2004 at the 1.43-million-sf Perimeter Mall in affluent North Fulton County and at the $2 billion Atlanta Station mixed-use venture in Midtown, according to the Little Rock, AR-based merchant.

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.