Dick’s Sporting Goods, ULTA Beauty, Rack Room Shoes and The Children’s Place are planned to open next fall in the Parkside shopping center, located at the east Frankfort Interstate 64 interchange.
A 3,500-square-foot Visionworks will open next month beside Buffalo Wild Wings, according to a press release Thursday from
Phillips Edison & Co.
Scott Mitchell, a Frankfort native and senior vice president of strategic investment funds for the company, said Phillips Edison is currently negotiating leases with four additional “national retailers” and hopes to finalize the deals within the next 60 days. Those retailers are also planned to open in the fall of 2014.
“It’s great to have these stores in the market where people can shop and you don’t have to drive to Lexington or Louisville,” Mitchell said Thursday.
He added he thinks retailers are recognizing Frankfort and the surrounding community as a “great market.” He said he didn’t know yet how many local jobs the new tenants would create.
Along with M&W, Phillips Edison owns all of Parkside, save for the 300 upscale Riverford Crossing apartments, which a California company bought for $30 million in December.
Other than Visionworks, an eyewear store that will move into a mostly developed portion of the shopping center, the four named and four unnamed tenants will fill the new 85,700-square-foot expansion in Parkside, for which a final development plan was approved Aug. 8.
The L-shaped expansion will occupy the vacant space between Kohl’s and Riverford Crossing. In addition to the more than 85,000 square feet of retail space, the development will have about 12,000 square feet of interior landscaped area and 448 parking spaces.
A company official previously said construction on the expansion would
probably begin in the summer of 2014.
The 40,000-square-foot Dick’s Sporting Goods will anchor the new development, and the 10,400-square-foot ULTA will be the second largest structure. Rack Room will be 6,000 square feet, and The Children’s Place will be 3,500.
As part of another step with no timeline set, the Parkside companies will eventually develop a large parcel in the parking lot of the new expansion. Mitchell said Parkside plans to add additional smaller retailers and restaurants in 2015 — the year he said all construction in the area is supposed to be completed.