CBL Properties Announces Mixed-Use Redevelopment Plans for Hamilton Place in Chattanooga, Tennessee
November 12 2018 - 9:23AM
Business Wire
Project to Deliver New-to-Market Entertainment,
Specialty Retail, Hotel and Office
CBL Properties (NYSE:CBL) today announced plans to redevelop the
Sears building at Hamilton Place in Chattanooga, Tennessee. As part
of the project, Chattanooga will welcome new-to-market
entertainment venue Dave & Buster’s, which will feature
hundreds of the latest arcade games, state-of-the-art sports
viewing, chef-crafted food and innovative cocktails you won’t find
anywhere else. In addition, the project will include a national
specialty retail junior anchor, an approximately 145-room
boutique-style hotel, Class “A” office space and additional
restaurants and specialty tenants. More details will be announced
in the coming months.
“We are thrilled to announce the plans for this comprehensive
mixed-use redevelopment at Hamilton Place,” said Stephen Lebovitz,
chief executive officer, CBL Properties. “Our vision is to
transform our traditional enclosed malls to dynamic suburban town
centers, and this redevelopment is a great example of this
strategy. CBL is committed to diversifying our properties’
offerings and delivering a new experience for our customers.”
“These new offerings, coupled with the addition of The
Cheesecake Factory, which is opening in December, will further
solidify Hamilton Place as the premier shopping, dining and
entertainment destination in the Chattanooga market. In addition,
the Hamilton Place complex has added new users such as Jim N’
Nick’s BBQ, Altar’d State, and Molly Green in the past few months
which bring in additional customers and strengthen the draw of the
property,” added Lebovitz.
Construction on this project will begin in early 2019.
About Dave & Buster’s
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY),
headquartered in Dallas, TX, operates 119 high-volume
restaurant/entertainment complexes throughout North America. The
exciting environment of Dave & Buster’s also provides the
perfect setting for corporate and group events. Each Dave &
Buster’s offers an impressive selection of high-quality food and
beverage items, combined with the latest games and attractions.
Guests can watch sporting events in the D&B Sports Bar and play
state-of-the-art simulators and games of skill they can’t play
anywhere else. For more information, visit
www.daveandbusters.com.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s portfolio is comprised of
114 properties totaling 71.9 million square feet across 26 states,
including 73 high-quality enclosed, outlet and open-air retail
centers and 12 properties managed for third parties. CBL
continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
Information included herein contains
"forward-looking statements" within the meaning of the federal
securities laws. Such statements are inherently subject to
risks and uncertainties, many of which cannot be predicted with
accuracy and some of which might not even be
anticipated. Future events and actual events, financial and
otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is
directed to the Company's various filings with the Securities and
Exchange Commission, including without limitation the Company's
Annual Report on Form 10-K, and the "Management's Discussion and
Analysis of Financial Condition and Results of Operations" included
therein, for a discussion of such risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20181112005443/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt, 423-490-8301EVP
& Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public
RelationsStacey.Keating@cblproperties.com
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