Belz Burrow, Hocker Announce New Mall for Jonesboro

by Lance Turner  on Thursday, Mar. 18, 2004 11:48 am  

Two real estate development companies on Thursday unveiled plans for a $100 million retail development in Jonesboro that will include new Dillard's, J.C. Penney and Target stores.

Belz-Burrow Development Group and David Hocker & Associates Inc. are developing the project, called The Mall at Turtle Creek. The firms are also developing the $80 million, 866,000-SF Shoppes at North Hills in North Little Rock, set to include a Bass Pro Shops Outdoor World store, movie theater and restaurants.

Located at the intersection of Highland Drive and Stadium Boulevard in Jonesboro, developers said The Mall at Turtle Creek will cover more than 750,000 SF of retail space and host more than 100 retailers, including anchors Barnes & Noble, Bed Bath & Beyond and Circuit City.

The mall is schedule to open Sept. 29, 2005.

"The Mall at Turtle Creek will become a regional draw for northeast Arkansas and southeast Missouri," developer Marty Belz said Wednesday. "And with the 900 new jobs that it will create, the economic impact will be significant."

Developers said The Mall at Turtle Creek will be the largest regional mall in the two regions. They said it will create 1,500 jobs and estimated annual retail sales at $225 million.

Bruce Burrow, partner in the Belz-Burrow firm, told Arkansas Business last year that a stronger retail market in Jonesboro will leave the city in prime position to attract traffic that has traditionally gone to nearby Memphis.

"What used to flow to Memphis on a daily basis would come to Jonesboro," he said.

The Mall at Turtle Creek has been one of two large mall projects under development in Jonesboro. Warmack & Co. LLC of Texarkana announced in 2002 that it was planning the Southern Hills Mall, a 961,000-SF center off Southwest Drive south of the Joe N. Martin Expressway (U.S. 63). Workers have already cleared trees and moved dirt at the site.

Warmack owns the 328,253-SF Indian Mall on Caraway Road, which was built in 1968 and includes anchors Dillard's and J.C. Penney. Developers had said the Southern Hills Mall would have a two-story Dillard's store three times as big as its current 75,000-SF operation in Indian Mall, larger quarters for Sears and J.C. Penney, as well as a Target store. At last check, Warmack was awaiting word from possible tenants before moving forward.

In addition to The Shoppes at North Hills and The Mall at Turtle Creek, Belz-Burrow of Jonesboro is redeveloping The Little Rock Hilton on University Avenue. The firm also redeveloped The Peabody of Little Rock. David Hocker & Associates of Owensboro, Ky., has developed malls in Mississippi and Ohio.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Should the alcohol amendment remain on the ballot?