The store is expected to open in early 2004 at an estimateddevelopment cost of $45 million or about $200 per sf, areaconstruction industry estimators tell GlobeSt.com.

Dillard's officials couldn't be reached at GlobeSt.com'spublication deadline. But in a prepared statement, Dillard's CEOWilliam Dilard II says the Atlantic Station site is "a great fitfor this fresh approach to shopping in Atlanta."

In the same statement, Jacoby says, "Dillard's, and particularlyAlex and Bill Dillard, have made a point to take retail to the nextlevel." The developer says "malls have served America well for thepast 40 years, but people are rediscovering the joy of windowshopping from the sidewalk, and that's what Atlantic Station is allabout."

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