CHESTERFIELD, VA (WWBT) – Stonebridge Realty Holdings purchased 28.4 acres of the former Cloverleaf Mall site from the Chesterfield County Economic Development Authority for $5.7 million. This transaction will allow the demolition of the Cloverleaf Mall and construction of a flagship Kroger with fuel pumps and additional retail shops. Work on the site is scheduled to begin the week of October 17th.
Dan Gecker, Midlothian District Supervisor stated, "This long awaited project can now begin. Despite difficult economic times, we will now start the revitalization of the Cloverleaf Mall site and the Eastern Midlothian Turnpike corridor."
Kroger plans to open its 123,000 square foot store, the largest in the Mid Atlantic region, as well as an associated fuel station, by November 2012. Stonebridge Realty Holdings will purchase the remaining 54.6 acres of the former Cloverleaf Mall site over the next several years to complete its planned mixed use, retail, office and multi-family residential Stonebridge development.
The Stonebridge project is expected to spur additional investment and renewal in the surrounding area. This revitalization effort was made possible through a working partnership among the County, the Chesterfield County Economic Development Authority, the Chippenham Place Community Development Authority, Stonebridge Realty Holdings and Kroger.
Demolition will include the main mall building as well as the Tire America and movie theater buildings. Firestone and Bank of America will remain open during demolition and construction.