Charlotte, N.C. — Johnny Harris isn’t done mapping out what a $50 million revamp of Phillips Place will look like.
The Lincoln Harris CEO continues to juggle possible tenant options — even as Covid has slowed momentum slightly. Harris sees room for additional restaurants, soft goods and other concepts at the 164,000-square-foot specialty retail center in SouthPark.
The Charlotte developer is investing roughly $50 million over the next five years to revamp, refresh and strengthen Phillips Place. The 35-acre center opened in 1997 — and was the first project in town to mix retail, residential and entertainment.
“We’re excited about where we’re going,” Harris says. “I will tell you that Covid slowed everything basically for a period of four to six months, people who were on just on the verge of signing and becoming part of Phillips Place backed away.”
Those talks have ramped back up in the last 30 days, he adds.
Additional tenant announcements are likely in the next month or so.
“I think that we’ve got some things up our sleeve we’re not talking about yet. I think you may see some unusual additions in the future,” Harris says.
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Cox Media Group