The third and final plat of the roughly $90 million Catoosa Hills shopping center development was approved Monday evening at a Catoosa City Council meeting.
City Manager David Tillotson said the project’s third phase consists of three lots (outparcels), each with space large enough for the construction of a new hotel. Cindy Robson of Investcom LLC, is actively looking for leases as part of the third plat.
“My hope is that we can bring in a couple more hotels, but any job and retail growth is good for the city,” said Tillotson. “We have several businesses under construction at the moment as part of phase one and phase two of the project.”
Tillotson said the new businesses include a Ross Dress for Less, Petco, Rue 21, Famous Footwear and Hibbett Sports. Building construction is expected to be completed by this summer within the main development of the Catoosa Hills Shopping Center, located just east of the Hard Rock Hotel and Casino.
Panda Express, an oriental-themed restaurant, has received a building permit and will be constructed south of Walgreen’s.
Robson recently attracted a Wal-Mart to the Catoosa Hills Shopping Center, which opened last June. The 155,000-square-foot store, along with the expected businesses, will provide additional sales tax revenue to aid in the development of the city’s agencies, including Catoosa police and fire, Tillotson said.
Catoosa will experience additional retail development in the near future with the construction of the $80 million development, Cherokee Outlets. The upscale outlet will include more than 300,000 square feet of premium shopping and is projected to create 1,000 permanent jobs. It is expected to generate $120 million in sales annually while attracting two million additional visitors to the area, according to Cherokee Nation Business.
CNB signed an agreement with the national real estate developer Woodmont Outlets to establish the outlet development, which is expected to be completed in late 2016.