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“We have identified a unique opportunity to work with an adjacent property owner, Chesterwood Village, on modification to our proposed site plan that would allow us to increase the size of the new Kroger to a 117,166 +/- sq. ft Kroger Marketplace,” Ryan Ertel of Regency Centers wrote in the proposal. “It has been Kroger’s desire for many years to convert the existing (nearby) store to a Marketplace.”
The redeveloped site would include a Kroger fuel center and 15,000 to 25,000 square feet of new retail spaces for “existing and new to market retail, service and restaurant operators.” The new Kroger would employ about 310 associates, according to Ertel.
The township put out a request for proposals a month ago, setting the minimum price at $1.7 million.
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