New $50M shopping center proposed in Collierville - WMC Action News 5 - Memphis, Tennessee

New $50M shopping center proposed in Collierville

(Source: Collierville Office of Planning) (Source: Collierville Office of Planning)

A proposed $50 million retail center in Collierville could become competition for Wolfchase Galleria.

Early renderings for the new shopping center show it being separated into two main tracts sprawling over 95 acres near Houston Levee Road and Highway 385. The northern tract would be 450,000 square feet of mostly retail space with plans for a gas station, too. A bridge will cross Nonconnah Creek to link the northern and southern tract, which will feature two hotels and almost 200,000 square feet of retail space.

Builders also plan to create a park with an artificial lake.

Developer Kevin Vaughan said plans for the property along Houston Levee Road are still in the very early stages.

Vaughan, working with the Germantown owner of the property, asked Collierville's mayor and Board of Aldermen to change zoning for the approximately 95 acres to allow for commercial use. The board approved the change for the first time Monday night.

Vaughan said the area would complement Carriage Crossing by offering more retail space, restaurants, hotels, offices, and even senior citizen living to boost the commercial profile of the Houston Levee Road exit off of Highway 385.

"As it appears now, everything is going to Southaven into Mississippi, so whatever the planners are doing, we need to think about what we are going to do to bring that business into this area," Collierville resident Marilyn Johnson said.

Early plans provided to Town of Collierville suggest that phase one with retail and a gas station could be completed in 2018.

A second phase with hotel rooms and more retail would come later because it requires a bridge to go up across Nonconnah Creek.

The town board must vote two more times to approve the zoning classification. If approved, they'd then have to take multiple votes on the specifics of the project as the developer and land owner bring ideas forward.

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