New retail center in the works on O’Neal Lane
A new six-to seven-tenant shopping center is being planned for O’Neal Lane, near the Chase Bank.
The center will consist of three buildings, with the two existing buildings each housing a single tenant. A third building will be built this fall to hold multiple tenants, says Joe Moore, division director of Re/Max First, who is representing the center’s owner, Anh T. Tran.
The area was chosen for the retail center because of an expansion of new businesses in the area, says Moore, a trend he expects will continue.
“That whole area is going through a major revival,” says Moore. “I think you’re going to see service and retail come back in a big way, and the driver is the Central Thruway.”
Construction to renovate the roofs and facades of the two existing buildings will begin next week, with construction on the third building slated to start in November. The new building will be ready for tenants late next spring. The entire center will have 8,500 square feet of retail space.
The center will be a mixture of retail and restaurant space, according to Moore who hopes to have two to three restaurants in the strip, including a coffee shop. He says they’ve already had two inquiries from restaurants about leasing one of the existing buildings, which had been a barbershop for over 20 years.
The tracts with the existing buildings were approved for rezoning by the Metro Council at its May 16 meeting. An adjoining piece of property, which Tran plans to build a new building on, will go before the Planning Commission for rezoning on Sept. 17.