UPDATED: Phipps Plaza owner Simon said late Monday the company plans to add a hotel, office tower, major fitness complex and restaurants to the complex. To read the full story, click here.
ORIGINAL POST BELOW:
The Belk department store at Phipps Plaza is expected to close this summer as the owners of the Buckhead mall embark on some form of re-development at the site.
Details of the future redevelopment were not immediately known, but mall owner Simon has invested heavily in recent years with new restaurants, apartments and an AC Hotel on the mall campus. Simon has invited media to attend an announcement at Phipps Plaza on Tuesday that a representative said will have meaning for the Atlanta market, but a representative declined further comment.
The Belk store, which replaced the former Parisian anchor store in 2006, will close next summer, Belk spokesman Andy Izquierdo said. It’s unclear how many jobs might be affected. Izquierdo said employees were notified Monday of the store’s closure, but they will be able to transfer to other stores if they desire. Belk has about 20 metro Atlanta locations, Izquierdo said.
Belk currently does not have a plan to replace the Buckhead store, but Izquierdo said “we’re always open to looking for new locations that make sense.” The store employs 144 full-time and seasonal workers, he said.
Related coverage
MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.
AJC Business reporter J. Scott Trubey keeps you updated on the latest news about economic development and commercial real estate in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:
Never miss a minute of what's happening in local business news. Subscribe to myAJC.com.
In other Buckhead news:
