NAPLES, FL-General Growth Properties Inc. is planning a $75-million redevelopment of its Coastland Center, a mall in this city, that it expects to transform into a sophisticated resort retail property by spring 2006.

The renovations will include converting the wing of the mall from enclosed space to open-air retail space. The space on the west side of the mall between Burdines-Macy’s and Sears will be converted to the outdoor shopping space. The mall has two other anchor tenants: JCPenney and Dillards.

The 100,000-sf, open-air promenade, being designed with Old Florida and European influences, will feature the Cheesecake Factory–the first in Naples–two other restaurants, outdoor seating and a 50,000-sf, 12-screen movie theater. Construction has begun on the Cheesecake Factory, set to open in February. The mall will stay open during construction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.