AUGUSTA, GA (WFXG) - The groundbreaking for the Outlet Mall of Georgia at Augusta is scheduled for December, developer Ben Carter Enterprises announced Wednesday.
The 800,000-square-foot fashion outlet mall will be located at I-20 and Riverwatch Parkway and will include retailers, restaurants and hotels.
When combined with the existing Costco and Cabela's and the planned Riverwatch Cinemas, the development will top 1 million square feet.
The groundbreaking announcement came after the owners of Georgia Theatre Company agreed to reposition their theatre to accommodate the mall.
"Our families have known each other for many years," Carter said. "They have agreed to work with us on a new plan to position their theatre to allow for better utilization of the site for what will become over a million square feet of retail and entertainment."
Bill Stembler, chairman and CEO of the Georgia Theatre Company, also said the transaction would be good for both parties.
"We agreed to accommodate Ben to allow him to modify our location," Stembler said. "We will develop a 14 screen complex with dining and a large format auditorium. Our new theatre complex will benefit from its proximity to a large retail development with terrific access and visibility."
The new theatre will feature digital projection with stereo sound, spacious seating and a full-service restaurant. It will also offer large format presentation auditorium with an 80-foot-wide, four-story screen, seating about 300 people.
The theatre will break ground late this year and open in the fall of next year. The mall is set to open in spring 2016.
Ben Carter Enterprises is pre-leasing retail spaces and marketing land for sale for additional development and expects to close on tracts by December of this year.
"We have 25 percent of the retail spaces in Phase I of the outlet mall under Letter of Intent and are working to convert those to leases," said Quito Anderson, CEO of Ben Carter Enterprises. "Our business plans call for us to have 60 percent of the space in the outlet mall leased when we break ground."