A new shopping center could soon be setting up shop at the intersection of Arkansas Highways 22 and 59 once the closing of a land deal takes place on Wednesday, according to Executive Director Ivy Owen of the Fort Chaffee Redevelopment Authority.
Owen said veterinarian Marion Smith and her sister Debbie were the purchasers of more than 90 acres of property, which he said would be developed into about 70 stores.
"What you can expect is a pretty quick groundbreaking. The developer, the purchaser of the property has not disclosed to us yet who the mall developer is, but we believe it's a developer out of Dallas. We do know that they've been in talks with this developer for quite a while,” Owen said.
Groundbreaking for the site, he said, should take place anywhere from 90-120 days from now.
And while the property has been termed a mall in documents from the FCRA, Owen said the property will likely resemble a shopping center similar to The Pavilion in Fort Smith, which is home to Best Buy, Dick's Sporting Goods and Target.
Up to 700 people may be employed at the shopping center, according to Owen.