Cool Springs Galleria
History
CBL & Associates Properties (now CBL Properties), a shopping mall developer based in Chattanooga, Tennessee, first announced plans to build a shopping mall in Franklin, Tennessee in 1989. It would be situated at the interchange of Interstate 65 and Moores Lane (Tennessee State Route 441). CBL developed the mall through a joint venture with the Edward J. DeBartolo Corporation. The original plans for the mall included three anchor stores: Castner Knott (later became Proffitt's/Hecht's/Macy's), Dillard's (which also opened at The Avenues), and Sears, with additional space for up to two more. Overall it would feature nearly 200 stores in over 1,000,000 square feet (93,000 m) of retail space. Coinciding with development of the mall, three other stores were confirmed for the surrounding area: Target and Service Merchandise at an adjacent power center called CoolSprings Crossing, and The Home Depot across Interstate 65.
In May 2011, it was announced that TIAA-CREF would receive 50% ownership of the mall and several other CBL malls in an attempt to reduce CBL's debt. Sears closed its store there in 2013 and sold it to CBL, who plans to redevelop the space.
References
- ^ "CoolSprings Galleria". CBL Properties. Retrieved 2022-12-23.
- ^ Linda A. Moore (November 25, 1990). "CoolSprings on track for summer opening". The Tennessean. pp. 3G. Retrieved September 19, 2019.
- ^ Bryant, Tim (May 11, 2011). "West County Center is part of big mall deal". St. Louis Post-Dispatch. STLtoday.com. Retrieved May 14, 2011.
- ^ "Sears store in CoolSprings Galleria to close, undergo redevelopment | the Tennessean | tennessean.com". www.tennessean.com. Archived from the original on 3 July 2013. Retrieved 27 January 2022.