CBL Properties announced that DICK’S House of Sport will join CoolSprings Galleria in Franklin, Tennessee, bringing a new experiential retail concept to the greater Nashville market. The redevelopment follows the upcoming closure of JCPenney, which is expected to vacate this fall upon lease expiration. This transition aims to reinforce CoolSprings Galleria’s position as a premier shopping, dining, entertainment, and mixed-use destination.

Strategic Redevelopment

The addition of DICK’S House of Sport is part of a broader transformation strategy for the property. Stephen D. Lebovitz, Chief Executive Officer of CBL Properties, highlighted that the new store complements other recent developments, including the July grand opening of CBL’s first L.L.Bean and a land sale to Greystar for an upscale multi-family development. These initiatives are designed to enhance the customer experience and increase the long-term value of the company's properties.

DICK’S House of Sport Details

DICK’S House of Sport will occupy a space exceeding 100,000 square feet. The store will offer a wide assortment of products alongside various in-store activities. Planned features include a climbing wall, multiple golf bays equipped with TrackMan™ simulators, and a HitTrax™ multi-sport cage suitable for baseball, softball, and soccer.

Project Timeline

Construction on the new DICK’S House of Sport is scheduled to begin shortly after JCPenney closes later this year. The anticipated opening for the new retail destination is early 2028.

CBL Properties announced the sale of a 5.35-acre parcel at CoolSprings Galleria in Franklin, Tennessee, to Greystar for the development of a 361-unit upscale residential community. The transaction allows CBL to generate value from a non-income-producing parcel by adding density and activity to its market-dominant mall property. The development will also include 15,000 square feet of ground-floor retail and service space.

Located in an affluent suburb of Nashville, CoolSprings Galleria is a premier property in CBL's portfolio. The company has focused on leveraging under-utilized parking lots and undeveloped parcels to enhance its retail destinations. The new residential community is expected to further activate the property and reinforce its position as a top regional destination.

Project Details

The residential project will feature 361 units and 15,000 square feet of ground-floor retail. Construction is set to commence later this month and is expected to last approximately two years.

Strategic Impact

Stephen D. Lebovitz, Chief Executive Officer of CBL Properties, emphasized the strategic value of the transaction. He stated that the deal realizes embedded value in the portfolio and introduces a complementary residential development to the CoolSprings Galleria campus. Lebovitz also highlighted Greystar as an ideal partner for delivering a high-quality development suited to the market.

Matt Evans, Senior Director of Development at Greystar, expressed confidence in the project's ability to reinvest in the mixed-use district. He noted that the development will transform an underutilized parking lot into upscale housing with curated retail, supporting the Galleria's evolution into the next generation.