shops at park lane

The Shops at Park Lane has an impressive mix of desirable retail, quality drink- and eateries, plus smartly designed living and office spaces.

Now, the center is expected to grow even more with the addition of a 190,000-square-foot building, which investors from New York are developing.

A publicist representing the property told a Business Journal reporter that the square-footage at this new construct — despite its location at the “booming retail presence” that is Shops at Park Lane, which today boasts a current office occupancy rate of 98 percent — will lease for 20 percent less than spaces at, say, Uptown and Preston Center.

The five-story development —which will occupy the vacant area on the northeast side of North Central Expressway and Park Lane—is expected to comprise 120,000 square feet of office space and 70,000 square feet of retail space — and, presumably, more parking space. It should get underway in July and be complete during fall 2014.

Renderings and more here.

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