Rendering of the forthcoming Colonial Heights store. (Courtesy of Kroger)
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.
Kroger will purchase the current Colonial Heights courthouse next.
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.”
Rendering of the forthcoming Colonial Heights store. (Courtesy of Kroger)
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.
Kroger will purchase the current Colonial Heights courthouse next.
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.”