{"id":1004072634,"date":"2013-05-13T06:58:15","date_gmt":"2013-05-13T14:58:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=124747"},"modified":"2020-04-01T01:04:19","modified_gmt":"2020-04-01T09:04:19","slug":"126-ksf-dillards-announced-as-anchor-of-summit-fremaux-phase-ii","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/126-ksf-dillards-announced-as-anchor-of-summit-fremaux-phase-ii\/","title":{"rendered":"126 KSF Dillard\u2019s Announced as Anchor of Summit Fremaux Phase II"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>CBL &amp; Associate Properties Inc. and Stirling Properties have announced that Fremaux <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/fremaux.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-124750\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/fremaux.png\" alt=\"\" width=\"155\" height=\"86\" \/><\/a>Town Center Phase II will be anchored by national fashion apparel and home furnishings retail chain Dillard\u2019s Inc. The retailer is set to open a single-level, 126,000-square-foot store featuring the company\u2019s newest store design and presentation layout. The location will offer fashion apparel, home furnishings and cosmetics, including the chain\u2019s exclusive label, tailored to the shopping preferences and habits of the Slidell region.<\/p>\n<p>Phase II of Fremaux Town Center is expected to open in spring 2015, with groundbreaking set to take place around the March 2014 opening of Phase I, now in development. Phase II will feature 320,000 square feet of fashion-oriented retail space.<\/p>\n<p>\u201cWith construction underway on Phase I, we are pleased to welcome a key department store such as Dillard\u2019s to Phase II,\u201d declared CBL Development and Administration Executive Vice President Michael Lebovitz, adding, \u201cThe traction we are receiving from retailers for both phases is a statement to the strength of the market and its increasing demand for retail.\u201d<\/p>\n<p>The 330,000-square-foot Phase I of the Slidell retail hub will be anchored by national brands such as Kohl\u2019s, Dick\u2019s Sporting Goods, Best Buy and T.J. Maxx. Other retailers will include Rack Room Shoes, ULTA Beauty, PetSmart and LongHorn Steakhouse. All in all, Phase I currently boasts a 70 percent lease rate.<\/p>\n<p>Fremaux Town Center is being developed on 80 acres at the corner of Fremaux Avenue and I-10 in Slidell, a municipality located in Northshore &#8212; on the northern shore of Lake Pontchartrain in the New Orleans metro area. As previously reported on <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/new-orleans\/stirling-properties-takes-over-summit-freamux\/\" ><strong>this page<\/strong><\/a>, the project &#8212; initially imagined as a 400-acre mixed-use development with office, retail and residential components &#8212; sat in limbo for years after the \u201908 market crash before Louisiana-based Stirling Properties took it over last year. In January 2013, Striling Properties entered into a 35\/65 joint venture with CBL Properties to develop what is expected to become a premier shopping destination.\u00a0 Read more about the deal <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/new-orleans\/stirling-properties-takes-big-bite-of-greater-new-orleans-retail-market\/\" ><strong>here<\/strong><\/a>.<\/p>\n<p><em>For further New Orleans market data,<strong><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-employment-continues-to-grow-in-new-orleans-expanding-population-and-multifamily-demand\/1004074075.html\" target=\"_blank\" rel=\"nofollow\"> click here<\/a>.<\/strong><\/em><\/p>\n<p><em>Image courtesy of Stirling Properties\u2019 Facebook page.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBL &amp; Associate Properties, Inc. and Stirling Properties have announced that Fremaux Town Center Phase II will be anchored by national fashion apparel and home furnishings retail chain Dillard&rsquo;s Inc.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[1815],"class_list":["post-1004072634","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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