The Federal Reserve’s new communication strategy was supposed to make it easier to decipher the intentions of the famously secretive institution. Markets, however, seem to have missed the memo.Construction of a private road at Jefferson Pointe will kick off next week in hopes of making the open-air mall more shopper-friendly.
A multimillion-dollar project is expected to wrap up by Nov. 16. Besides the new drive, which will run past the Rave Cinemas and feed into the retail area, a revamped food court featuring Tucanos Brazilian Grill and the construction of a future 6,500-square-foot building is on the schedule. Officials have not said what will occupy the space.
Other improvements include 17 additional parking spaces and room for drop-offs near Rave Cinemas.
Management at Jefferson Pointe rescheduled a Wednesday news conference to take place at 4 p.m. today to highlight upcoming improvements at the shopping center.
Jefferson Pointe has about a 90 percent occupancy rate with more than 70 stores and restaurants.
For more on this story, see Wednesday's print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Wednesday.
