At $100,000,000 the renovation budget for Clearview Mall is costing many times more than it did to build it back in 1970.
Clearview Mall is being entirely rethought and repurposed into a mixed use facility the developer calls a ‘live, work, play’ location.
Already the radical transformation is underway.
The former site of the Sears Auto Repair Center has been reduced to a pile of rubble; when the site is cleared a new Regions Bank branch will take its location.
Tradition is out.
This new branch will be state-of-art.
A banker will greet customers as they and be directed to video ATM’s to conduct their banking business.
Expect the new branch to come online in June 2021.
In the coming months some tenants will close out, but will be added, including new anchor tenants that will appeal to the multifamily retail model of the coming development.
At the heart of this is the 50-year-old enclosed mall structure itself.
Part of it will be coming down to allow for construction of a hotel/apartment complex.
This will all be built around a 14,000 square foot green space with space for concerts and outdoor gatherings.
Open air restaurants will also be figured into the new space to be built.
Another feature is 100,000 square feet of new commercial office space.
All of this will be going in alongside the remaining anchor tenants of the former Clearview Mall.
Sixteen hundred new jobs and $123,000,000 will be poured into the local economy as construction progresses.