Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Dillard’s Inc. is bullish on metro Atlanta’s retail scene, planning new 200,000-sf stores to open in summer and fall 2004 at the 1.43-million-sf Perimeter Mall in affluent North Fulton County and at the $2 billion Atlanta Station mixed-use venture in Midtown, according to the Little Rock, AR-based merchant.

Dillard’s announcement didn’t indicate the hard construction cost of the new store at the 32-year-old Perimeter Mall at 4400 Ashford Dunwoody Road. But area construction industry estimators, experienced in comparable projects, tell GlobeSt.com the store will probably be built for about $200 per sf or a total $40 million. The gross leasable area is 502,000 sf, according to the mall’s Web site.

Dillard’s will be Perimeter’s fourth anchor, joining the 315,000-sf Rich’s-Macy’s, the 230,000-sf Nordstrom and the 250,000-sf Bloomingdale’s, which is scheduled to open in mid-October of this year.

The new stores will bring Dillard’s Atlanta-area retail portfolio to 1.2 million sf with a total construction value of $240 million, industry sources tell GlobeSt.com.

Dillard’s Perimeter Mall store will be constructed on the former JCPenney store site which closed in 2001. The JCPenney structure will be demolished in July.

Besides Perimeter and Atlanta Station, Dillard’s will have stores at the 1.5-million-sf North Point Mall, the 1.2-million-sf Arbor Place in Douglas County, the 1.3-million-sf Mall at Stonecrest in DeKalb County and the 1.9-million-sf Mall of Georgia in Gwinnett County, the largest mall in Georgia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.