Chesterfield County, Crosland Southeast and The Kroger Co. have finally broken ground on the first phase of a multi-use project at the site of the old Cloverleaf Mall in Chesterfield County. Stonebridge will be home to Kroger Marketplace, a 123,600-square-foot anchor that will combine a grocery store with 30,000-square feet of non-grocery, home store offerings ranging from furniture to home décor.
Smaller retail shops and restaurants also are planned for the first phase, being developed by Crosland Southeast out of Charlotte, N.C. in a joint venture with Hutensky Capital Partners.
The initial demolition of the mall got underway last week, following a ceremony attended by a large crowd of county officials. Chesterfield purchased the site in 2004 to stimulate private-sector interest in what is a major gateway into the county, with the former mall located on the Richmond city border on Midlothian Turnpike. Southland Crosland expressed interest in a mixed-use project there early on, but it took several years to work out the financing.
When complete by November 2012, the new Kroger store will employ about 250 people. Kroger Marketplace will be the largest store in size in the region.
Crosland Southeast plans to begin Phase II of Stonebridge in mid-2012. It calls for 175,000 square feet of retail space plus 350 multi-family residences.
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