GERMANTOWN, Tenn. (WMC) – The newest plans for converting the former mall at Kirby Parkway and Poplar Avenue in Germantown into a mixed-use development are set.
Newly-approved plans for the next phase of the $35.5 million project will be presented at city hall next week.
The former shopping center “Carrefour at Kirby Woods” was sold in 2022 and rebranded as “The Standard Germantown,” which has already completed Phase I of converting into a mixed-use development.
The Standard currently consists of about 12,000 square feet of commercial space.
Developers want to add retail, residential, office and hospitality space in Phase II, which is subject to a separate review.
Last Wednesday, the Germantown Industrial Development Board approved the economic impact plan needed to complete the development’s $14.5 million tax increment financing (TIF) application.
The economic impact plan proposes improvements to the property’s surrounding infrastructure, including the streetscape, roadway, pedestrian connections, stormwater drains, parking, and utility access.
The TIF package will be reviewed and considered during the Board of Mayor and Aldermen meeting on Monday, March 9.
There will be a public comment period during the meeting.
The TIF request is limited to reimbursement for Phases I and II, to be paid over a 20-year term.
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