The end has just begun for an East End mall.
An Arizona developer ceremoniously marked the start of demolition this week on the nearly 50-year-old Fairfield Commons mall, which is being razed to make way for the new 310,000-square-foot, Walmart-anchored Eastgate Town Center.
Representatives from developer Bromont Investment Group and Henrico County were on hand at the site Thursday to ring in the first steps of toppling of the main structure of the indoor mall, which has been vacant since earlier this year.
“In the fall of 2016, you will see a site that is entirely transformed,” Henrico County Manager John Vithoulkas told the crowd Thursday.
Demolition has been ongoing on some standalone buildings around Fairfield Commons since Bromont purchased the property at 4869 Nine Mile Road for $6.31 million in late July. The developer had it under contract for about three years. One structure on the property has already been nearly completely torn down.
Walmart and other national and local tenants are likely to open in the new shopping center by the fall of next year. Some of those tenants include Planet Fitness, Citi Trends, MetroPCS, Da Vinci Pizza and Lee Nails.
Walmart is set to occupy about 190,000 square feet, and the property will support three additional buildings of about 82,000, 23,000 and 15,000 square feet.
SB Cox is doing the abatement and demolition work, while FG Pruitt is the general contractor.
The group is financing the development through a loan from EVB. The company has not said what it expects total development costs will be.
The end has just begun for an East End mall.
An Arizona developer ceremoniously marked the start of demolition this week on the nearly 50-year-old Fairfield Commons mall, which is being razed to make way for the new 310,000-square-foot, Walmart-anchored Eastgate Town Center.
Representatives from developer Bromont Investment Group and Henrico County were on hand at the site Thursday to ring in the first steps of toppling of the main structure of the indoor mall, which has been vacant since earlier this year.
“In the fall of 2016, you will see a site that is entirely transformed,” Henrico County Manager John Vithoulkas told the crowd Thursday.
Demolition has been ongoing on some standalone buildings around Fairfield Commons since Bromont purchased the property at 4869 Nine Mile Road for $6.31 million in late July. The developer had it under contract for about three years. One structure on the property has already been nearly completely torn down.
Walmart and other national and local tenants are likely to open in the new shopping center by the fall of next year. Some of those tenants include Planet Fitness, Citi Trends, MetroPCS, Da Vinci Pizza and Lee Nails.
Walmart is set to occupy about 190,000 square feet, and the property will support three additional buildings of about 82,000, 23,000 and 15,000 square feet.
SB Cox is doing the abatement and demolition work, while FG Pruitt is the general contractor.
The group is financing the development through a loan from EVB. The company has not said what it expects total development costs will be.