Development plans are still being made for an 850,000-square-foot mixed-use retail center, The Shoppes at Equestrian Crossing, in Scott County, said C.J. May, president of Lexington-based May Commercial Group, which is developing the center with CBL & Associates Properties Inc.
The preliminary development plan is expected to be completed in the next couple of months, he said. The planned site for The Shoppes at Equestrian Crossing, between Wal-Mart and the Toyota plant, is already zoned for retail development.
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It does not appear that the project can be completed before the 2010 World Equestrian Games, as originally planned. The slowdown in the economy is affecting the expansion of retailers, he said.
”That's one thing we don't control ... because the tenants that are involved have their own expansion criteria,“ he said. ”We try to follow their pace as best we can.“
May said there is interest from several retailers, but no announcement of the specific stores has been made.
”We've been through this before. Everyone knows the economy is slow; we are going to come out of it,“ he said.