Monday, January 27, 2020
   
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Future Towne Centre Plan

The Master Plan for the Hickory Ridge Mall Revitalization Project will be comprehensive with several components that will continue to develop and stabilize the community well beyond its five-year development schedule. The project timeline and costs include five phases as follows:

mall-plans-polorad

Phase 1 (Current) $8,000,000

  • 17 retail spaces occupied – 10 additional spaces scheduled 2010
  • 6 community and social services agencies scheduled 2010
  • 4 food court vendors
  • 1 training and education center scheduled Summer 2010

Phase 2 – Cost Estimate $7,000,000

  • America’s Incredible Pizza Family Entertainment Franchise – Fall 2010
  • 14 medical and various health service offices (83,000 square feet)
  • 8 additional community and social services agencies
  • 2 additional food court vendors
  • 15,000 square-foot child care and development center
  • 1 additional training and education center

Phase 3 – Cost Estimate $9,600,000

  • 72,000 square-foot banquet and conference center (including a 1,200-seat banquet room,  700-seat auditorium and various meeting, reception and classrooms; banquet kitchen, historic museum, and exhibition hall)

Phase 4 – Cost Estimate $13,300,000

  • 110,000 square-foot youth, enrichment, and entertainment center (including a recording studio, and computer lab)
  • 156,000 square-foot business center

Phase 5 – Cost Estimate $14,600,000 (Possible Future Phase)

  • 60-80 unit senior independent living facility
  • 1,000-seat outdoor amphitheater and performing arts complex

Total Projected Cost for Five Phases: $52,500,000

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