LAFAYETTE, La. — CBL & Associates Properties and Stirling Properties created a joint venture to develop Ambassador Town Center in Lafayette, Louisiana.
On a 58-acre site, the retail center will be built in one phase and will be 425,000 square feet with major retailers including Costco, Dick’s Sporting Goods, Field & Stream, Marshalls,HomeGoods, Nordstrom Rack, Off Broadway Shoes, Chuy’s, Panera Bread and Freddy’s Frozen Custard & Steakburgers. The majority of the retailers committed to the project are either first-time locations within Lafayette or Louisiana, or both. Construction is set to begin this month, with a projected opening of March 2016.
“Stirling Properties is excited about our partnership with CBL to develop Ambassador Town Center and believes that this joint venture brings the best possible team together to build this project,” said Stirling Properties’ Senior Vice President of Development Townsend Underhill. “We know this site to be an excellent location for a retail development in this market and we are happy to continue our long and successful development history in the city of Lafayette.”
“Ambassador Town Center is well-located and has attracted a best-in-class retail line-up even before construction has commenced,” said Michael Lebovitz, CBL’s Executive Vice President – Development and Administration. “We are pleased to partner with Stirling Properties on this project and are looking forward to announcing additional retailers as the development progresses.”