Project to Deliver New-to-Market Entertainment, Specialty Retail,
Hotel and Office
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181112005443/en/
CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
EVP
& Chief Investment Officer
Katie.Reinsmidt@cblproperties.com
or
Media
Contact:
Stacey Keating, 423-490-8361
Director of Public
Relations
Stacey.Keating@cblproperties.com
Source: CBL Properties