The upcoming Watermark Town Center project has landed its first big tenant. Photo by Burl Rolett.
A forthcoming Chesterfield development has bagged its grocery anchor.
Walmart Neighborhood Market announced plans Wednesday for a new store at Watermark Town Center off of Iron Bridge Road. That makes at least four of the grocery-centric Walmart stores planned for the Richmond market and marks the first tenant for the mixed-use portion of the 400-acre Watermark project.
David Cloak of Watermark developer TerraForge Communities said the 110-acre Watermark Town Center will eventually hold 740 residential units and 220,000 square feet of commercial space.
Denver-based MVG Development is building the Walmart Neighborhood Market. The company bought 5.6 acres for the store from TerraForge for $2 million in August, county records show. MVG is also building a Neighborhood Market on Brook Road in Henrico County.
Construction is underway at the site, Cloak said, and Walmart expects to open next summer. The grocery store will also include an onsite fuel center.
Other tenants may soon follow at Watermark Town Center, he said.
Plans submitted to the county in May by MVG Development show a 42,000-square-foot grocery store.
“We’re actually negotiating with a couple of national users and a couple of multi-tenant users both for restaurants as well as typical retail,” Cloak said. “And we have a medical office that would be for a variety of medical uses that we are talking about now.”
The Neighborhood Market is a smaller-concept Walmart store that focuses mainly on groceries. The retail giant has rapid growth planned for the concept and in February announced plans to add between 270 and 300 stores over this fiscal year.
At least four of those are coming to the Richmond area, at Watermark, Meadowbrook Shopping Center, Brook Road near Interstate 95 and Sliding Hill Road in Hanover.
The Neighborhood Market will join the 300-unit Meridian Watermark apartment complex in Watermark Town Center, the mixed-use component of the larger Watermark community.
There are about 100 finished single-family homes in Watermark so far, all outside of the Watermark Town Center. TerraForge is developing a 70-lot section of homes within Watermark Town Center and plans to have those sites ready next month. Eastwood Homes has signed on as the builder.
The overall Watermark community will eventually total about 1,200 residential units, Cloak said, including a mix of single-family homes as well as apartments and condos above commercial space at the town center.
The upcoming Watermark Town Center project has landed its first big tenant. Photo by Burl Rolett.
A forthcoming Chesterfield development has bagged its grocery anchor.
Walmart Neighborhood Market announced plans Wednesday for a new store at Watermark Town Center off of Iron Bridge Road. That makes at least four of the grocery-centric Walmart stores planned for the Richmond market and marks the first tenant for the mixed-use portion of the 400-acre Watermark project.
David Cloak of Watermark developer TerraForge Communities said the 110-acre Watermark Town Center will eventually hold 740 residential units and 220,000 square feet of commercial space.
Denver-based MVG Development is building the Walmart Neighborhood Market. The company bought 5.6 acres for the store from TerraForge for $2 million in August, county records show. MVG is also building a Neighborhood Market on Brook Road in Henrico County.
Construction is underway at the site, Cloak said, and Walmart expects to open next summer. The grocery store will also include an onsite fuel center.
Other tenants may soon follow at Watermark Town Center, he said.
Plans submitted to the county in May by MVG Development show a 42,000-square-foot grocery store.
“We’re actually negotiating with a couple of national users and a couple of multi-tenant users both for restaurants as well as typical retail,” Cloak said. “And we have a medical office that would be for a variety of medical uses that we are talking about now.”
The Neighborhood Market is a smaller-concept Walmart store that focuses mainly on groceries. The retail giant has rapid growth planned for the concept and in February announced plans to add between 270 and 300 stores over this fiscal year.
At least four of those are coming to the Richmond area, at Watermark, Meadowbrook Shopping Center, Brook Road near Interstate 95 and Sliding Hill Road in Hanover.
The Neighborhood Market will join the 300-unit Meridian Watermark apartment complex in Watermark Town Center, the mixed-use component of the larger Watermark community.
There are about 100 finished single-family homes in Watermark so far, all outside of the Watermark Town Center. TerraForge is developing a 70-lot section of homes within Watermark Town Center and plans to have those sites ready next month. Eastwood Homes has signed on as the builder.
The overall Watermark community will eventually total about 1,200 residential units, Cloak said, including a mix of single-family homes as well as apartments and condos above commercial space at the town center.
Cloak has worked hard to make this a signature south side community and a terrific anchor for the Ironbridge Road corridor. It’s wonderful to see his efforts awarded by landing this store. I think you’ll see a flurry of retailers follow their lead by using this very accessible area between chippenham and 288. Bring it on!
It’s great to see Central and Eastern Chesterfield get some badly needed retail love (see the BizSense article above about a similar Walmart concept store coming to Meadowbrook). The Meadowbrook construction is moving right along, last I heard the opening was scheduled for sometime in February.
Can a Chipotle, Panera, or Starbucks be that far behind in one of these locations?