CBL Properties Announces Redevelopment at Coastal Grand in Myrtle Beach, South Carolina
December 09 2019 - 9:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced redevelopment plans at
Coastal Grand in Myrtle Beach, South Carolina. As part of the
project, DICK’S Sporting Goods will relocate to a new building near
Dillard’s, which will include the addition of Golf Galaxy. Flip N
Fly will then open a 53,000-square-foot family entertainment venue
in the former DICK’S Sporting Goods location.
“We are excited to announce another redevelopment project that
further illustrates our commitment to diversifying and enhancing
the offerings at our properties,” said Stephen Lebovitz, chief
executive officer, CBL Properties. “We are successfully executing
our redevelopment strategy of adding new, in-demand retail and
other uses to enhance the customer experience, including over
850,000 square feet of new-to-market entertainment offerings across
over a dozen properties.”
Lebovitz added, “The addition of Flip N Fly is a perfect fit for
this popular tourist market and will solidify Coastal Grand as a
family entertainment destination.”
Flip N Fly will bring a state-of-the-art trampoline park as well
as other family attractions to Coastal Grand. The location at
Coastal Grand will be the second Flip N Fly in the CBL portfolio,
the first is located at Mayfaire in Wilmington, North Carolina.
Construction on the new DICK’s Sporting Goods/Golf Galaxy store
will begin in early 2020. More information about a grand opening
date will be announced as plans are finalized.
About Coastal Grand Mall
Owned and managed by CBL Properties of Chattanooga, Tennessee,
Coastal Grand Mall features more than 170 great specialty shops and
is anchored by Bed Bath & Beyond, Belk, Books‑A‑Million,
Cinemark Theatres, DICK’S Sporting Goods, Dillard’s, JCPenney, Old
Navy and Sears. Coastal Grand Mall is conveniently located at the
Highway 17 Bypass and US Highway 501. For more information, visit
online at CoastalGrand.com or on Facebook at
Facebook.com/CoastalGrandMall.
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
108 properties totaling 68.2 million square feet across 26 states,
including 68 high‑quality enclosed, outlet and open-air retail
centers and nine 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191209005020/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Investment Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com Media Contact: Stacey Keating,
Director of Public Relations & Corporate Communications,
423.490.8361, Stacey.Keating@cblproperties.com
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