It's the first big step to the next era of the Tri-County Mall property in Springdale.On Wednesday, council members voted to approve a preliminary plan to transform the space.The project, which is a joint venture between MarketSpace Capital and Park Harbor Capital, was laid out in four phases and a representative said he believes the first phase could be completed in just a few years."They need to do something. They need to revamp this mall. It used to be good, but now it's nothing in there," shopper, Tameko, said.For people who've grown weary at the state of Tri-County Mall, there's a new $1 billion vision for the more than 70 acres of land.The Springdale City Council approved a preliminary plan to completely redevelop the space, keeping intact some elements we all recognize like the skylights, but reimagining it all with restaurants, green space, retail, nearly 2,400 residential units and a dog park.They're also exploring relocating a community center to the space."You're interested not just doing what's great for the developer, you're interested in doing something that's great for the city, something that's great for the school district and that is the part of it that is fantastic," Councilman Lawrence Hawkins III said.Officials said Princeton City Schools will also have a STEM institute located inside and there will be other educational options.Developers said they want to create a live, work and play environment, too.The project, dubbed as 'Liberty Center on steroids' by some, has a 15-year timeline, with a soft opening by fall of 2023 and the first of four phases believed to be completed by Dec. 2024, according to a representative at a special council meeting on Wednesday.City leaders said they've dreamed of this for years.Now, it seems this is the start of a new era for an historic part of our area."If you build 90% of it, if you build 75% of that, it will truly be another crown jewel in the city of Springdale," Mayor Doyle Webster.Councilmembers said they never want to refer to the property as a mall ever again, and prefer to look forward and see this project as integrating the community.Part of that process, they said, is the big discussion about whether moving a community center would work and hearing from neighbors.Officials said they expect a final development plan to be presented to the planning commission in the next three to six months.
It's the first big step to the next era of the Tri-County Mall property in Springdale.
On Wednesday, council members voted to approve a preliminary plan to transform the space.
The project, which is a joint venture between MarketSpace Capital and Park Harbor Capital, was laid out in four phases and a representative said he believes the first phase could be completed in just a few years.
"They need to do something. They need to revamp this mall. It used to be good, but now it's nothing in there," shopper, Tameko, said.
For people who've grown weary at the state of Tri-County Mall, there's a new $1 billion vision for the more than 70 acres of land.
The Springdale City Council approved a preliminary plan to completely redevelop the space, keeping intact some elements we all recognize like the skylights, but reimagining it all with restaurants, green space, retail, nearly 2,400 residential units and a dog park.
They're also exploring relocating a community center to the space.
"You're interested not just doing what's great for the developer, you're interested in doing something that's great for the city, something that's great for the school district and that is the part of it that is fantastic," Councilman Lawrence Hawkins III said.
Officials said Princeton City Schools will also have a STEM institute located inside and there will be other educational options.
Developers said they want to create a live, work and play environment, too.
The project, dubbed as 'Liberty Center on steroids' by some, has a 15-year timeline, with a soft opening by fall of 2023 and the first of four phases believed to be completed by Dec. 2024, according to a representative at a special council meeting on Wednesday.
City leaders said they've dreamed of this for years.
Now, it seems this is the start of a new era for an historic part of our area.
"If you build 90% of it, if you build 75% of that, it will truly be another crown jewel in the city of Springdale," Mayor Doyle Webster.
Councilmembers said they never want to refer to the property as a mall ever again, and prefer to look forward and see this project as integrating the community.
Part of that process, they said, is the big discussion about whether moving a community center would work and hearing from neighbors.
Officials said they expect a final development plan to be presented to the planning commission in the next three to six months.
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