Augusta, Ga. — The Outlet Mall of Georgia at Augusta is scheduled to open in spring 2016.
Augusta, Ga. — Ben Carter Enterprises will break ground on the highly-anticipated Outlet Mall of Georgia at Augusta in December. The announcement comes on the heels of a key land agreement reached with the owners of the Georgia Theatre Company, who agreed to reposition their theatre to accommodate the mall.
The Outlet Mall of Georgia at Augusta will be an 800,000-square-foot fashion outlet mall with top-tier retailers, restaurants, hotels and other retail uses. Ben Carter has contracted to acquire 70 acres at I-20 and Riverwatch Parkway for the development, which when combined with the existing Costco and Cabela’s locations and the Riverwatch Cinemas, will top 1 million square feet.
Ben Carter entered into a real estate transaction with the Georgia Theatre Company that will result in Georgia Theatre building its new GTX at a different location within the Outlet Mall property. The land deal frees up a complete site where Ben Carter can build the fashion outlet mall.
“Our families have known each other for many years,” says Carter. “They have agreed to work with us on a new plan to position their theatre to allow for better utilization of the site for what will become over a million square feet of retail and entertainment. Our mall and the Georgia Theatre Company’s GTX Theatre with the most-advanced technology — combined with Costco and Cabela’s — will ensure success for all of us. The synergy created by the uses should be exactly what our visitors want to experience.”
Bill Stembler is chairman and CEO of the Georgia Theatre Company. He also said the transaction would be good for both parties.
“We agreed to accommodate Ben to allow him to modify our location,” Stembler says. “We will develop a 14-screen complex with dining and a large format auditorium. Our new theatre complex will benefit from its proximity to a large retail development with terrific access and visibility.”
The Outlet Mall of Georgia at Augusta is scheduled to open in spring 2016. For more information, visit http://www.bencarterenterprises.com.
SOURCE: Ben Carter Enterprises