Friday, December 21, 2007

New Target Slated for Ridgeway and I-240 Development

Posted By on Fri, Dec 21, 2007 at 4:00 AM

PRNewswire - Weingarten Realty Investors announced today Target will be the anchor store for its Ridgeway Trace development in Memphis. Weingarten Realty recently sold 10.1 acres to Target to develop a store which is expected to open in March 2009.

Ridgeway Trace is located at the intersection of Poplar Avenue and I-240 and will be the first retail development of this size in east Memphis in more than 30 years.

The 26-acre project will include an additional 150,000 square feet of retail space with a mix of "lifestyle tenants and national retailers." The center could include a national bookstore and a national home electronics retailer.

Ridgeway Trace is scheduled to open in spring 2009, with the development being handled from Weingarten's Atlanta regional office.

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