TULSA A $50 million expansion and renovation project will convert Tulsa's 635,000-square-foot Southland Shopping Center to an enclosed mall, its new owner says.
Robert B. Aikens & Associates of Troy, Mich., purchased Southland from the Max W. Campbell Foundation for an undisclosed price last summer.
The late Campbell, a Tulsa developer, built Southland in 1965 at a cost of $10 million. The mall is on the southeast corner of East 41st Street and South Yale Avenue, across 41st from the 450,000-square-foot Southroads Mall.
When the Southland project is completed next yer, it and neighboring Southroads will rival Woodland Hills Malls at 71st Street and South Memorial, developers say.
With 1.4 million square feet, Woodland Hills is the state's largest shopping center under one roof.
Southland will be expanded to 800,000 square feet and 150 tenants with the addition of second tier shops, Aikens & Associates said. It will be renamed "Tulsa Promenade."
The center's anchor tenants, J.C. Penney and Dillard's, have announced they will expand and renovate their stores to complement the new theme.
In addition to the Aikens investment, an estimated $26 million will be spent by individual stores at the mall, the company disclosed.
A spokesman said Dillard's will add 40,000 square feet while Penney's will remodel and reorganize its space.
A third anchor tenant will be announced later this month, the spokesman said.
Tulsa Promenade will feature an art deco motif, skylights, extensive foliage and shop layouts grouped around courtyards.
New tenants will include a gallery featuring local artists, a six-screen movie theater, two theme restaurants and a 20-tenant fast-food area.
Permanent financing for the project will be furnished by the Teacher Retirement System of Texas.
Current tenants will remain open during the construction phase, the developer said. The contractor is Kelley-Nelson Construction Co. of Little Rock. BIOG: NAME:Archive ID: 227753