Kroger to make record investment in new Virginia store
RICHMOND, Va. — Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond Metropolitan Statistical Area’s newest multi-use development, Stonebridge, which will include a 123,600-sq.-ft. Kroger Marketplace grocery store that will be the region's largest — and the company's most expensive — to date.
The Kroger Marketplace will be the region's largest traditional grocery store in size and will represent the Kroger's largest single-store investment in the company's history. This first-of-its-kind store in Virginia offers shoppers an experience that combines a top-quality grocery store with 30,000 sq. ft. of nongrocery, home store offerings, ranging from furniture to home décor. The remaining square footage of the first phase of development will include a Kroger fuel station, 20,400 sq. ft. of smaller retail shops and four outlets.
Stonebridge is a joint venture between Crosland Southeast and Hartford-based Hutensky Capital Partners.