The challenge, Massey says, is that retailers interested in a places like Saddle Creek open a few stores a year and plan them two or three years in advance.
"What I think they are looking for is, Who adds value and who complements the center and the other tenants? Who is a good neighbor and who is not already in Germantown? They're going to want to be the only store of their kind in Memphis, period." "There might be a few hundred tenants in the country that are really candidates," said Danny Buring, also with The Shopping Center Group. They're big enough to stand up in."īut besides site delays, picking the tenant mix in an venue with the cachet of Saddle Creek (leases hover around $50 a square foot, easily the highest in the metro area) is a mix of diligence and aspiration. Instead of building for 100-year flood, they had to build for 500-year flood. "It's a very complicated drainage situation there. "They had a few construction delays," said Shawn Massey, commercial agent with The Shopping Center Group. Work on the north side of Poplar is expected to be finished in next spring. Germantown shoppers have watched the construction, which was expected to be done last spring, wondering what was taking so long. Trademark Properties, the managing company, also formally announced Kendra Scott Jewelry, Apple, Vom Fass, Stoney River Steakhouse and Grill, and Select Comfort. New tenants include Lily Rain and Soft Surroundings, both making their debuts in Tennessee, typical of the kinds of the stores Saddle Creek has attracted since it opened in 1987. The Shops of Saddle Creek, still the barometer of the city's appeal to national high-end retail, announced a raft of new tenants this week after months of quiet, despite its very public expansion at the intersection West and Poplar in Germantown.
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