The Bass Pro Shop, the centerpiece tenant, is expected to open around Aug.15, he said.
City officials from both Spanish Fort and Daphne and representatives from Baldwin County have been invited as well, Cypress Equities Southeast Development manager Bronson Smith said.
In comparison with the Eastern Shore Centre, which is considered a “lifestyle center” and has a lot of smaller boutiques, the Spanish Fort Town Center is a “big box center,” Smith said.
Cypress Equities is the development arm of The Staubach Company, a global real estate advisory firm.
Smith said that the Spanish Fort Town Center has a different product type than the Eastern Shore Center, since the big tenants have approximately 100,000 square feet. Approximately 732,674 square feet of retail will be going into the center, Smith said. Anchor stores at the Spanish Fort Town Center include J. C. Penny, Kohl’s, Circuit City and the Bass Pro Shop.
Marriott Courtyard, Fairfield Inns, La-Z-Boy and Wachovia have also signed contracts. “We are in lease negotiations with others,” Smith said.
Smith thinks that Baldwin County and the cities of Spanish Fort and Daphne will be very pleased with the potential retailers with whom Cypress Equities are currently in negotiations, he said. The multifamily aspect of the development comes in the form of 240 apartment homes. Colombus Realty Partners, Ltd., of Dallas, Texas, will be developing 240 apartment homes which will have connectivity to the Spanish Fort Town Center. Site work has begun and an October 2008 completion date is proposed.
One reason the Spanish Fort location was chosen was because of visibility on I-l0, Smith said.
“Baldwin County is growing like wildfire.The population growth well substantiates a development such as this,” Smith said.
Furthermore, it’s also a good location because I-l0 runs across the entire United States and Hwy. 98 runs primarily through the eastern shore of Mobile Bay, he said. U.S. 98 is the primary access to the Spanish Fort Town Center, Smith said.
“We have been working on and have come to an agreement for a frontage road that is going to connect from Hwy. 98 over to the highway where the Eastern Shore Centre is,” Smith said.
Baldwin County, the city of Daphne, Timber Creek and Cypress Equities are all contributors to the road, he said. The frontage road will nol be completed before the Spanish Fort Town Center opens, but Cypress Equities have come to an agreement with the parties that it will be completed, Smith said.
http://www.baldwincountynow.com/articles/2007/12/07/local_news/doc4756cc6a7b8ad011478169.txt
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