Note: This story was last updated at 4:57 p.m.
Dick’s Sporting Goods, PetSmart, T.J. Maxx, and Ulta will have new stores at Main Street Oak Ridge, Mayor Warren Gooch said Tuesday.
Also, Belk and JCPenney are renewing their leases at the 58-acre site, Gooch said during a State of the City speech to the League of Women Voters of Oak Ridge.
“Negotiations with other major retailers are ongoing,” Gooch said.
The mayor got an update from Neil Wilson of RealtyLink, which took over as master developer in September, on Monday. Wilson told Gooch that RealtyLink has come to terms with both its senior construction lender and the tax increment financing construction lender.
“We are closer to the closing on the sale of the mall property and the start of construction,” Gooch said.
He called the successful development of Main Street Oak Ridge the number one priority for the city. The project would redevelop the former Oak Ridge Mall.
“It is moving forward,” Gooch said.
The mall is now mostly empty, but Belk and JCPenney remain. The two anchor stores would stay, and the enclosed space between them would be demolished as part of the redevelopment, which calls for a mix of retailers, restaurants, residential units, and possibly a hotel.
See a larger version of the site leasing map here: TN-Oak-Ridge-Rutgers-logos-leasing2.
More information will be added as it becomes available.