Shopping Centers Today

JUL 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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J U L Y 2 0 1 8 / S C T 45 which owns and manages the property, announced that it would purchase the building from Macy's for redevelop- ment. CBL is now at work on redevel- oping a former Sears store at the mall, with the goal of bringing in dining, entertainment and retail offerings. The firm says the addition of Round 1 Bowling, which originated in Japan and now operates roughly 20 facilities in the U.S., will help make Jefferson Mall an entertainment destination. "In the 'A' markets, there is little or no vacancy, and the rental rates are as high as we have ever seen," said Schwartz. Louisville's reinvigorated down- town is attracting new retailers, as well as interest among developers. In November 2017 apparel chain Duluth Trading Company opened its first store in the state in downtown Louisville. This 15,000-square-foot store anchors a $30 million, mixed- use redevelopment project along a fabled section of West Main Street known as Whiskey Row. The proj- ect is located near the Kentucky International Convention Center and the KFC Yum Center sports arena. Hotel projects are under way down- town, as are distillery projects intend- ed to capitalize on the growing local tourist trade. At press time Louisville- based Brown-Forman, owner of Jack Daniel's and other whiskey brands, was on track for a June unveiling of a 70,000-square-foot distillery for its Old Forester brand. "Downtown Louisville has under- gone a lot of redevelopment," said Pape. "We have been keeping a tight eye on that market." n Louisville's Big Four Bridge connects Kentucky to Indiana

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