Simon Spending $6MM+ To Demo Phipps Plaza Belk, Parking Structure

The department store's razing is part of a planned $200 million expansion of the Buckhead mall.

UPDATE (July 16, 2018): New Renderings and Site Plan Emerge For Phipps Plaza Expansion

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Simon Property Group has taken its first major step in moving forward with its $200 million Phipps Plaza expansion.

The real estate firm early last week filed plans with the City of Atlanta for demolition to the soon-to-shutter Belk and its corresponding parking structure, CoStar News first reported.

Nobu Hotel and Nobu Atlanta Restaurant will be built in the department store’s place.

Plans, announced in November 2017, also call for a 90,000-square-foot Life Time® Athletic center and a 12-story Class A office building, complete with a three-story lower level parking garage.

Construction, beginning with Belk’s demolition, could begin any day with a phased opening beginning in spring 2020.

An estimated $6,100,000 will be spent on demolition of the 450,000-square-foot building and parking structure.

Developing…

Nobu Hotel - Phipps Plaza - Belk
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Nobu Hotel and Nobu Atlanta Restaurant, planned for Phipps Plaza
Nobu - Phipps Plaza - Rendering - Belk
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New 12-story office tower planned for Phipps Plaza.

Caleb J. Spivak

Caleb J. Spivak is the Founder of What Now Media Group, Inc. Check out our publications in your city: Atlanta, Austin, Chicago, Dallas, Denver, Houston, Jacksonville, Las Vegas, Los Angeles, Miami, Nashville, New York, Orlando, Orange County, Philadelphia, Phoenix, San Diego, San Francisco, Seattle and Tampa.

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