A Tennessee-based developer has announced $35 million plans for a mixed-use retail property. The News and Tribune reports GBT Realty is in negotiations with "big-name" companies to locate to the 240,000 square-foot Jeffersonville Towne Center.
In a news release, GBT Realty Chief Executive Officer George Tomlin said "the Louisville [Metropolitan Statistical Area] continues to be a hotbed for retail expansion and new-to-market tenants with its dynamic, diversified economy that regularly outperforms other major US cities in job and income growth."
The company says it will be its largest project within the MSA. Plans call for retail, restaurant, office and medical space. GBT Realty expects the property to be 90 percent pre-leased by the groundbreaking in December. The publication reports the center is scheduled to open in less than two years.
Developments where the property is located along Veteran’s Parkway have began to emerge as construction along nearby I-65 has progressed.