Auburn Mall Announces Plan for New Restaurant and Retail Development
Hull Property Group, owners of the Auburn Mall, announced today a plan for a new restaurant and retail center on the Mall property that can support up to ten new tenant offerings. The 9.25 acre center will include the demolition of the former Sears bay and the redevelopment of 55,645 square feet of new construction. Approximately 59% of the development will be dedicated to restaurant projects and 41% will be dedicated to medium and small shop retail. The new construction will also include an additional outparcel to be leased and developed in the future.
“The Auburn Mall is located in the heart of Auburn’s major retail corridor where much of the City’s sales tax revenue is generated. A development project of this nature will serve as a catalyst for additional retail growth, which is exciting for the future,” said John Mulherin, Vice President of Government Relations for Hull Property Group. “The City of Auburn has done a wonderful job working to improve this important retail corridor and their progressive planning has led to many improvements which helps attract new shopping and dining options. We are looking forward to embarking on this project and continuing to work with the City to fulfil our vision for the property as a strong regional retail offering here in Auburn.”
It is estimated that the new construction will create 67 new jobs in Auburn, Alabama. Projected sales figures are conservatively estimated at $12,400,000 annually. The community of Auburn receives 4% sales tax resulting in an annual benefit to the community totaling approximately $500,000. Construction is scheduled to commence this Fall and new tenants will be announced at that time.
Since purchasing the Auburn Mall in 2012, Hull Property Group has invested in several improvements to enhance the shopping experience including upgraded signage, new entrances and the addition of murals throughout the Mall corridors that reflect the culture of the Auburn community. In addition, the owners have attracted several new tenants to the property including Francesca’s, Spencer’s, iFix, T-Mobile, Justice, Crazy 8 and two new women’s boutiques, Sienna & Bellini and Cheeky Bliss.