Development of the The Corner At Short Pump, a 47-acre retail and residential development on West Broad Street at Lauderdale Drive, is back on. Crews cleared the land in September of 2008 and the site has remained mostly a slab of dirt.
Brooks Bossle, director of acquisitions at Archon Group, the company developing the project, said there were a variety of factors holding up the project, which was supposed to get a Kroger opened by November.
“Lenders are a little more concerned than usual [right now]. We wanted to make sure we got all lending issues resolved before moving forward.”
Bossle said the 86,000-square-foot Kroger, the center’s flagship tenant, is on track to open in mid-2010. “The rest of the center will follow soon after [Kroger’s opening,]” Bossle said.
“We got too far ahead of ourselves. I know there were a lot of rumors and speculation, but we’re just happy to be back on track.”
Trevor Dickerson runs downtownshortpump.com, an RBS news partner.
Development of the The Corner At Short Pump, a 47-acre retail and residential development on West Broad Street at Lauderdale Drive, is back on. Crews cleared the land in September of 2008 and the site has remained mostly a slab of dirt.
Brooks Bossle, director of acquisitions at Archon Group, the company developing the project, said there were a variety of factors holding up the project, which was supposed to get a Kroger opened by November.
“Lenders are a little more concerned than usual [right now]. We wanted to make sure we got all lending issues resolved before moving forward.”
Bossle said the 86,000-square-foot Kroger, the center’s flagship tenant, is on track to open in mid-2010. “The rest of the center will follow soon after [Kroger’s opening,]” Bossle said.
“We got too far ahead of ourselves. I know there were a lot of rumors and speculation, but we’re just happy to be back on track.”
Trevor Dickerson runs downtownshortpump.com, an RBS news partner.
All we need — more retail at that location. It’s dumb and dumber with the planning department permitting this being the “dumbest”.
Agreed jkm, not only is it dumb of the planing department though, but the Archon Group too. Hello!?!? there’s already empty space at West Broad Village and other centers, why would you want to build more? I’m really sick of Short Pump; they call it a destination, yet all you can do their is spend tons of money, and drive half the time you’re there. And why is Richmond always behind the curve? While other places are building well planned (which West Broad Village sadly is not), mixed-use developments, Richmond’s still building strip malls… that’s a problem.