Kentucky Oaks Mall getting Burlington, six retail spaces
- By DAVID ZOELLER email@example.com
- May 26, 2018
Plans for the space at Kentucky Oaks Mall formerly occupied by Sears were announced Friday. Seritage Growth Properties, which owns the space, will bring a Burlington store to Paducah later this year and has subdivided the remaining space into six units that will be marketed separately to retailers and restaurants.
A redevelopment plan for the former Sears portion of Kentucky Oaks Mall was announced Friday, which will include a Burlington store and space for six other retail businesses.
Seritage Growth Properties, which owns the portion of the mall previously occupied by Sears, is bringing a 41,900-square-foot Burlington store to Paducah in time for the 2018 holiday season. The remaining space is being divided into six units for future development.
Burlington Stores Inc., headquartered in New Jersey, is a national retailer that offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, and baby, home, coats, beauty and gifts. The company operates 629 stores in 45 states and Puerto Rico.
The rest of the Kentucky Oaks Mall complex is owned, managed and leased by Ohio-based Cafaro Company. The complex comprises over 1 million square feet of shopping, dining and entertainment.
“They (Seritage) have opted to carve out the biggest space for Burlington, and they’re going to make those other six spaces face outward into the parking lot,” said Joe Bell, Cafaro director of corporate communications. “They will have entrances from the parking lot.”
The move to use the space in this manner is not unusual, according to Bell. “It’s something that’s been happening a lot. Mall developers have found that department stores don’t need quite the same space that they used to,” he said. “Some of the big box stores have downsized to different site plans.”
The entire redevelopment plan is expected to be completed in 2019.
“We’ve had some good luck with a similar plan at one of our other malls,” Bell said.
“We’re interested in seeing how it all pans out. We’re going to assist them where we can. We cooperate with Seritage and they cooperate with us, we’ll trade leads and see where this all goes.”
According to Bell, having the additional units available for development will allow greater variety.
“We’re talking about freeing up space that can now be more easily used for a restaurant or professional space,” he said. “It’s an exciting idea. I think we’re going to find some new and diverse offerings out of this whole thing.”