The first phase involves the construction of a new Regions Bank bank branch at the corner of Clearview Parkway and Veterans Boulevard. The new 3,500 square foot building will feature video ATMs and virtual banking. Demolition started in July.
The new plan by long time owners the Richards Family includes a new hotel with a rooftop pool, an outdoor event space, 260 apartments, new stores, and a total renovation of the existing mall. Most of the existing interiors will also be changed into an open-air walkway. The project includes slicing the old Sears building in two parts with an open-air pedestrian walk down the middle. A new, 6 story, 150 room hotel is planned for the center of the mall.
After the renovations, the mall will be renamed Clearview City Center. The Richards family, led by Thomas Richards, has owned the Clearview Mall site since it opened in 1969. The family never owned the adjacent 14 acre Sears parcel, but was able to purchase it from Sears in 2019. Combining the sites allows for a complete master plan of the combined 35 acre site.
The project is estimated to create 1,608 jobs and $123 million in economic impact during its construction phase.