Pelican Place at Craft Farms

Pelican Place at Craft Farms is a 372,000-square-foot (34, 600 m2) lifestyle center in Gulf Shores, Alabama. It is planned to expand to 650,000 square feet (60, 000 m2). It was designed by CMH Architects of Birmingham, the firm that also designed the Eastern Shore Centre in nearby Spanish Fort. It was developed by Colonial Properties as part of their "Pinnacle" brand of lifestyle centers and was originally known as the Pinnacle at Craft Farms. In September 2015, Langley Properties, the development's most recent management company, sold Pelican Place to RCG Ventures of Atlanta, Georgia, for more than $18 million. The city of Gulf Shores paid approximately $10M to local landowner and future city mayor Robert Craft to acquire the first 44 acres of land for Pinnacle at Craft Farms project in 2004. The city would lease the acreage back to Colonial Properties Trust if they successfully developed an upscale open air mall two years after the sale. The lease would last for 30 years. Colonial would pay $10,000 per year after the city’s debt was paid. A clause in the bond deal between Gulf Shores and Colonial Properties allowed city officials to approve of the stores that Colonial was pursuing for the open air mall’s small shop spaces. In the agreement, Colonial was bound to lease space to a music store, book store and other specialty stores and upscale restaurants. The developer initially

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