MAB American to Break Ground on Monroe Pavilion in Q1 2020
Read more about Monroe Pavilion in the October 2, 2019 edition of The Walton Tribune.
ATLANTA – September 27, 2019 – Following recent city approval of its zoning and architectural elements, MAB American Management, LLC (MAB) has just recorded the plat for division of the Monroe Pavilion shopping center on 100 acres at US 78, GA Hwy 138 and GA 11. With plans progressing, the developer expects to acquire the land in Q4 of this year with a groundbreaking slated for Q1 2020. Total investment for the entire project will exceed $80 million.
“Monroe Pavilion will serve longstanding needs in Monroe and Walton Count for quality shopping, dining, and lodging. We commend local leaders for creating a business climate that attracts investment and we look forward to being part of this growing marketplace,” says John Argo, President of MAB American Management, LLC. “Once complete, Monroe Pavilion will provide a retail destination close to home and we are excited to get started.”
The shopping center, projected to open in summer 2021, currently features site commitments for 150,000 square feet of big box anchor stores, including a supermarket, two fashion merchants, a beauty chain and other retailers selling shoes, pet supplies, sporting goods and popular priced general merchandise – all new to Monroe and Walton County. A campaign by MAB’s leasing company, Retail Specialists, is currently underway to attract more restaurants and hotels for the project with specific tenants to be announced at a later date.
In the near term, MAB intends to submit for a grading permit in October. Coordination for such grading is ongoing with gas and electric utility companies, which have major lines crossing the project site. As plans move forward, MAB continues to engage with the City of Monroe, Walton County and the GDOT concerning highway access improvements when the project opens in 2021.
Since 1995, MAB has developed more than 2 million square feet of properties across the U.S. with a cumulative value in excess of $500 million. For more information, visit www.mabamerican.com.