Kroger’s Richmond shopping spree continues with another eight-figure investment.
The grocery chain on Friday announced plans for a 90,000-square-foot store at the site of the Colonial Heights Courthouse at 401 Temple Ave. The project is about a year in the making, Colonial Heights Mayor Scott Davis said, and the grocer hopes to debut the $20 million project in summer 2015.
Kroger expects the store to employ more than 200 people, with at least 50 full-time jobs. Colonial Heights City Manager Tom Mattis said the project will be a significant revenue boost for the city, estimating its total annual tax impact will reach six figures.
“It surprised me a bit when I ran the numbers,” Mattis said. “Financially it’s a winner for us too.”
The final product will include a grocery store similar in size to the Kroger at 11895 Broad St. in Short Pump, as well as a 350-space parking lot and a nine-pump gas station. Kroger hopes to break ground next summer.
The City of Colonial Heights currently owns the 13-acre property near the corner of Temple and Hamilton avenues. Kroger plans to purchase the site for $2.6 million next year. A new Colonial Heights courthouse to replace the Temple Avenue building is scheduled to open next month at 231 Chesterfield Ave.
Included in Kroger’s development agreement are a lighting plan, a design that puts the back of the store facing the woods and a pledge that Kroger will not make the building a 24-hour location.
Kroger has yet to name a contractor for the job. Cincinnati-based Cole Russell Architecture and Design is the project’s architect.
The Colonial Heights location is another in a string of large investments Kroger has made in the Richmond market. The grocer has pumped nearly $200 million into the region in the last five years.
The new store will be Kroger’s 18th for the Richmond area. The 17th, a massive Kroger Marketplace on Staples Mill Road, is currently under construction. Kroger unveiled a similar 123,000-square-foot Kroger Marketplace at Stonebridge last December and has plans to upgrade a Mechanicsville Kroger at Rutland Commons shopping center to a 115,000-square-foot Marketplace.
“Our goal is to be number one in market share,” President of Kroger Mid-Atlantic Jay Cummins said. “We plan to stay very aggressive in this market.”