You heard it here first.

On January 17, we broke the story that H & M is coming to Louisville.

Last Sunday in our Monday Business Briefiing, we had more detail about H & M going to Oxmoor Center, where General Growth Properties executives are planing a major overhaul.

On Wednesday, we had more Oxmoor details along with news that Nordstrom Rack is looking at nearby Shelbyville Road Plaza, one mile east of Oxmoor.

Just a few minutes ago, we got confirmation of a multi-million dollar redevelopment from Oxmoor Center Marketing Director Dee Snyder.

Mall executives plan to demolish the entire mezzanine, which includes a food court area and mostly vacant storefronts.

As we told you, the food court is moving down to outside the Sears store on the south side of the mall at 7900 Shelbyville Rd. in East Louisville.

The latest news release does not reference H & M, but states only that, “Other moves may be forthcoming and several new retailers and eateries, yet to be named, will be added.”

Our sources are telling us there are elaborate renderings that show extreme changes including the H & M.

Though parts of the shopping center are dated and dark, it remains one of the most popular retail destinations because of its most desirable tenants including the Apple Store, Anthropologie and Sephora.

With an H & M, it could wrest away the “most popular mall” title from its neighbor, Mall St. Matthews, which is also owned by GGP, a real estate investment trust based in Chicago.

Here’s the Oxmoor release in full:

OXMOOR CENTER ANNOUNCES PLANS FOR MULTI-MILLION DOLLAR REDEVELOPMENT

LOUISVILLE, KY (January 25, 2013) – Oxmoor Center today announced plans for a multi-million dollar redevelopment, which is set to begin February 1. The project includes the demolition of the mezzanine, which currently houses the food court and a number of other retailers; new soft seating areas; the addition of a soft play area near Sears; and the renovation of center court.

“Oxmoor Center has been one of Louisville’s premier shopping destinations for more than 40 years. Our goal is to continue to provide the best shopping experience for our customers. This renovation will give our guests a modern, open shopping environment, improving site lines and making it easier for shoppers to find the stores they are looking for,” said Jacob Sappenfield, Oxmoor Center general manager.

In preparation of the renovation, several retailers have relocated from the mezzanine to the first floor. Stride Rite and Subway recently closed their mezzanine stores and reopened in the Sears wing. In addition, Modelle’s Custom Tailors will move to the Dick’s Sporting Goods wing and Something 2 Do will move to the Sears wing. Other moves may be forthcoming and several new retailers and eateries, yet to be named, will be added.

The project is scheduled to be completed by the 4th quarter of 2013, just in time for the holiday shopping season.

Oxmoor Center is owned and managed by General Growth Properties, Inc., a fully integrated, self-managed and self-administered real estate investment trust focused on owning, managing, leasing, and redeveloping regional malls throughout the United States and Brazil. GGP’s portfolio is comprised of 126 malls in the United States and 16 malls in Brazil comprising approximately 135 million square feet. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

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7 thoughts on “Oxmoor Center execs confirm 'multi-million dollar redevelopment'

  1. Both projects beg for Shelbyville Road infrastructure improvement and beautification, including major pedestrian and transit upgrades.

  2. Both projects beg for Shelbyville Road infrastructure improvement and beautification, including major pedestrian and transit upgrades.

  3. Pingback: The Week That Was – 27 January 2013 Edition

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