<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4euJWY_19kxcZeq00" alt="https://img.particlenews.com/image.php?url=4euJWY_19kxcZeq00" width="1763" height="1175" ><figcaption>sale, consumerism and people concept - young women with shopping bags walking along city street lev dolgachov</figcaption></figure>Phenix City may have another shopping center coming, but it’s too early to say a location since discussions have just begun. However, if this project comes to fruition, it promises to be the largest of its kind in Phenix City.A Memorandum of Understanding agreement with Willow Capital Parters, LLC, which has proposed a retail shopping center in the city, was presented at Monday’s work session and was to be voted on Tuesday, after Citizen press time.Since the location is not yet known, it was only defined as the “project area.” The MoU is to outline the general framework for cooperation and future definitive agreements relating to the project.“Phenix City leaders are moving forward with plans to support a potential large-scale retail development that could bring new shopping, dining, and economic activity to the community,” said Phenix City Economic Director Shaun Culligan.He stated that city officials have entered into a preliminary agreement with the group to explore construction of a regional shopping center anchored by multiple national retailers.The proposed development is expected to include a mix of retail and commercial space designed to serve both residents and visitors. While specific tenants and timelines have not yet been finalized, city leaders say the project represents a significant opportunity to expand Phenix City’s retail and dining offerings and strengthen its local economy.As part of the proposal, the city would support the project through a financing structure tied to future sales tax revenue generated within the development. Officials emphasized that the approach is designed to leverage new economic activity rather than rely on existing public funds.City representatives noted that the agreement is an early step in the process, with additional planning, design, and formal approvals still to come. More detailed agreements will be forthcoming in the coming months.“If completed, the project could represent the most substantial retail investment in the area in recent years, with the potential to create jobs, attract additional businesses, and provide new amenities for the community,” Culligan said.Founded in 2019, Willow Capital Partners, LLC is a privately held commercial real estate investment firm based in Atlanta, Ga. Their investment approach leans heavily toward hands-on, relationship-driven investing with emphasis on active involvement, not passive ownership.The company’s portfolio lists many impressive retail centers and shopping plazas located in Georgia. North Carolina, Florida, and Virginia. It looks like they are just entering the Alabama marketplace with Sand Mountain Marketplace in Albertville, Ala., under construction with an opening date of 2027, and are in discussions with Enterprise, and now Phenix City.The Sand Mountain Marketplace project is the company’s flagship entry into Alabama and will be a ~250,000 sq. ft. shopping center that will have retailers Target, Academy Sports, Burlington, and HomeGoods as tenants. It includes the first new Target in Alabama in about 20 years and is positioned to be the dominant retail hub for that area.The early-stage negotiations with the city of Enterprise have been focused on a proposed ~200,000 sq. ft. development.</div></body>

Block Source: citizenofeastalabama.com

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Phenix City may have another shopping center coming, but it’s too early to say a location since discussions have just begun. However, if this project comes to fruition, it promises to be the largest of its kind in Phenix City. A Memorandum of Understanding agreement with Willow Capital Parters,...

Large-scale retail development proposed to city

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Phenix City may have another shopping center coming, but it’s too early to say a location since discussions have just begun. However, if this project comes

Large-scale retail development proposed to city

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