CBL Properties reports ‘sustained tenant demand’
Chattanooga-based shopping center operator CBL Properties on Tuesday announced multiple first-half new store openings, sustained tenant demand and an active redevelopment pipeline.
“I am pleased with the success of our leasing efforts given the caliber of tenants that opened across our portfolio in the first half of 2023,” CBL CEO Stephen Lebovitz said in a statement. “We’re continuing to experience demand from a wide array of tenants, which will add value and enhance the customer experience at CBL’s properties.”
So far this year, CBL has completed four redevelopment projects. These projects include at The Terrace at Hamilton Place in Chattanooga, where Nordstrom Rack replaced the former Staples, according to CBL.
Also, CBL recently announced Crunch Fitness will join Hamilton Place in the former Sears location at the mall.
VW driving research at Innovation Hub
Volkswagen Group of America on Tuesday said its Innovation Hub in Knoxville is seeing breakthroughs in automotive lightweight composites, recyclable interior materials and electric vehicle wireless charging.
The Innovation Hub is a collaboration between VW, the University of Tennessee and Oak Ridge National Laboratory.
“We are accelerating innovation within electric vehicles and contributing to more sustainable transportation in America by focusing our efforts on some of the most transformative automotive research being done in the country,” said Pablo Di Si, president and CEO at Volkswagen Group of America, in a statement. “Our technology teams in Tennessee are a great example. There, we are tapping American ingenuity fostered by the unique blend of world-class academic research and Volkswagen’s leading industry capabilities.”
Business roundtable eyes Ooltewah growth
The Chattanooga Chamber’s Ooltewah Collegedale Council will host a business roundtable with Hamilton County Commissioner Jeff Eversole on Thursday at 8:30 a.m. at Chestnut Hall at The Commons in Collegedale, 4750 Swinyar Dr.
“Connecting business to government is a key initiative for us in the 2023-24 Chamber year. I’m very thankful that Commissioner Eversole believes like we do that small business is the backbone of the community,” said Jamie Kyle, president of the Ooltewah Collegedale Chamber Council, in a statement.
Other invitees include Nathan Janeway, director of development services, Hamilton County; Dan Reuter, executive director, Chattanooga-Hamilton County Regional Planning Agency; as well as Tennessee Department of Transportation representatives, according to the Chamber.