IKEA Seeks Approval for 260K SF Store in Memphis
- Jan 19, 2015
IKEA is on the brink of increasing its southeastern U.S. presence. The company unveiled tentative plans for the development of a new, 260,000-square-foot, store in Memphis. Contingent on receiving all governmental approvals, the store could open as early as Fall 2016.
To be developed on a 35-acre tract in the Wolfchase corridor, 15 miles of downtown Memphis, the potential store will “reflect the same unique architectural design for which IKEA stores are known worldwide,” including their sustainable features: recycling waste material; key measures for energy and lighting efficiency; recycled construction materials; and water-conserving restrooms.
“We are excited at the possibility of growing our southeastern US presence with a potential Memphis store,” said IKEA U.S. CFO Rob Olson in an official statement. “This proposed location in such a vibrant retail corridor could provide our already 37,000 Memphis-area customers their own store and introduce the unique IKEA shopping experience to other consumers throughout western Tennessee, northeastern Arkansas, northwestern Mississippi, and beyond.”
If the Swedish retailer receives approval, it will develop a store that would feature 10,000 designed items, 50 inspirational room-settings, and a 300-seat restaurant. Other amenities include a “Children’s IKEA” area, baby care rooms and play areas.
Image Courtesy of Wess Bramlitt via The Greater Memphis Chamber