Stirling Properties and CBL & Associates Properties, Inc. (NYSE: CBL) announced today the construction of the second phase is underway at Fremaux Town Center in Slidell, Louisiana. Site work commenced in June with a scheduled opening in October 2015. Phase II will include roughly 285,000 square feet of additional retail space and will be anchored by a 128,000 square-foot Dillard’s. Phase II is over 70% leased, including executed leases with Red Robin, Zales, Aveda and Francesca’s as well as numerous other retailer commitments to be announced as the project progresses.
“We are excited to offer additional retail and restaurant options for the region that will complement the existing mix of successful stores and restaurants at the center,” stated Townsend Underhill, Stirling Properties’ Senior Vice President of Development.
Currently 99% leased, Phase I of Fremaux Town Center opened in March of this year with approximately 350,000 square feet of retail anchored by Dick’s Sporting Goods, Michaels, T.J.Maxx, and Kohl’s. Sports Clips and Panera Bread recently opened and several other tenants are scheduled to open as follows: Payless ShoeSource and Five Guys Burgers and Fries this week, Starbucks in September, and rue21 and a 41,000 square-foot, full-service LA Fitness later this year. BJ’s Restaurant & Brewhouse recently purchased a 2.3 acre outparcel and is also now under construction with an opening scheduled in early 2015.
“Fremaux Town Center has been successful from the start due to the collection of retailers here and the ideal location,” said Michael Lebovitz, Executive Vice President of Development and Administration at CBL. “This expansion allows us to add even more great retailers to the mix.”
Located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Fremaux Town Center will be over 635,000 square feet upon completion. With its interstate location and high-visibility, Fremaux Town Center is expected to become a regional shopping destination.
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