CHRISTIANSBURG, Va. (WFXR) – More than a dozen stores have been announced for Christiansburg’s multi-million dollar Marketplace renovation.
Those stores include: Mission BBQ, Starbucks, Chipotle, Elegant Nails, Aspen Dental, Harbor, Orange Theory, Sandro’s.
According to senior vice president of operations for The Morgan Companies, Luke Puccinelli said the brand expects those shops to open in the 3rd and 4th quarters of the year.
Pucinelli is looking towards the future, and said a bigger grocer could be considered. He stated “We’d love to have a grocer, and they’re in discussions with a few.” He admitted, it could be any grocery from Sam’s Club to Food Lion.
Harbor Freight, Jazzersize were already on the property and will remain.
Arby’s is in a brand new building on the property.
Their old location was torn down, and the space was transformed into a new entrance for the shopping center, which lines up to the New River Mall access point across the street.
There Marketplace property provides 150-200,000 square feet for new retail shops.
Other options being considered for a portion of the property are adding a hotel, or some multi-family housing, or both.
As it stands, the old Wal-mart space takes up a good portion of the back part of the Marketplace property, so the developer would demolish that building and create space for a hotel, or multi-family housing, or both. That decision should be made this summer.
Pucinelli said, the brand is still working on a lot of leases and letters of intent with many leasers, despite the pandemic.
He claimed the coronavirus has not set the project back. He did say it had impacted retailers from committing towards leases, but most retailers that are in discussions are looking 12 to 24 months down the road with optimism.
Pucinelli said there has been a lot of good activity on small shop leasing, multiple anchor stores are also in talks.
Later this summer and fall, some anchor leases will be announced.
The Marketplace is located off of North Franklin Street and Peppers Ferry Road.
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