TYLER (TYLER MORNING TELEGRAPH) - It’s official – the 80-acre retail development, The Village at Cumberland Park, is coming to South Tyler.
“They closed and they now own the property,” Mark Whatley, broker for Burns Commercial Properties, said this morning of The Retail Connection, L.P.
The Dallas-based company has been working for about six years on the project, which will bring a combination of smaller box stores, restaurants, lifestyle specialty type stores and service users, David Wilson, of The Retail Connection, has said.
“Everything went through great, finally,” Whatley said of the land deal, which officially closed late Thursday. “This planned development is going to be huge for Tyler, bringing in the next level of retail we don’t have.”
Whatley said they plan to begin moving dirt and clearing the undeveloped land next week.
A grading and clearing permit was filed with the city of Tyler for The Village at Cumberland Park, at 9098 S. Broadway Ave. Work will include clearing, erosion control and mass grading for public improvements and private development.
Whatley said the land could be done in about two weeks before dirt work could be started. He believes it is an aggressive timeline.
Wilson said in June that they have been working with possible tenants for a year and hope to have more than half of the tenants open in the fall of 2014.
The Tyler center will have 12 main buildings and will total about 700,000 square feet, Wilson said. There will also be a "lifestyle element" to the center, with a central park and water features.
Whatley said if they plan to begin opening stores next fall, they would need to be putting in slabs in about 90 days.
“The big hurdle is now over … They’re going to be full steam ahead for construction from this point on,” Whatley said.
Wilson said possible tenants include Rockwall-based Shenaniganz, which will take up to 60,000 square feet and include a bowling alley, laser tag, arcade, mini-putt and other family oriented attractions.
Bed, Bath & Beyond could relocate its Tyler store to the new center, expanding to 34,000 square feet and would include its other concepts, Buy, Buy Baby and Cost Plus World Market.
Wilson has said they also are working with Ross to put a second location at the center, and with TJ Maxx, a sister store to Marshall's, to come in to Tyler.
They also are in talks with or negotiating leases with DSW Shoes, Petco, JoAnn's, Dress Barn, Carter's and Famous Footwear. He said they also could be the first lease in Texas for Gordman's, a junior department store.
He said most tenants will be new to Tyler, but they also will include a few relocations of current stores and some will be business' second locations. Smaller tenants, such as restaurants and services, will follow the national tenants and come later.