UPDATE (July 16, 2018): New Renderings and Site Plan Emerge For Phipps Plaza Expansion
Simon Property Group has taken its first major step in moving forward with its $200 million Phipps Plaza expansion.
The real estate firm early last week filed plans with the City of Atlanta for demolition to the soon-to-shutter Belk and its corresponding parking structure, CoStar News first reported.
A Nobu Hotel and Nobu Atlanta Restaurant will be built in the department store’s place.
Plans, announced in November 2017, also call for a 90,000-square-foot Life Time® Athletic center and a 12-story Class A office building, complete with a three-story lower level parking garage.
Construction, beginning with Belk’s demolition, could begin any day with a phased opening beginning in spring 2020.
An estimated $6,100,000 will be spent on demolition of the 450,000-square-foot building and parking structure.
Developing…
