The announcement comes five months after Tucker annexed the struggling mall into its city limits. At the time, developers hinted they would convert the mall into a mixed-use development that will include more office and retail spaces and fast-casual restaurants.
City officials welcomed the addition of the mall partly because of the revenue Tucker will gain from its stores and restaurants, The Atlanta Journal-Constitution previously reported. Tucker makes the bulk of its revenue from business licenses and fees since residents and businesses do not pay property taxes to the city.
Construction is expected to begin on retail shops next year.
“We want to provide retail and restaurant options, along with welcoming gathering spaces, to reconnect the community with Northlake as a place to spend time with family and friends,” said. Frank Mihalopoulos, partner with ATR Corinth Partners.
JCPenney and Macy’s will remain anchor tenants and will be open during construction.
<em>— Staff writer J.D. Capelouto contributed to this article.</em>