RED Legacy had hoped to open Grandview’s multimillion-dollar Truman’s Marketplace this summer.
But after delays, RED finally acquired the 52-acre Truman Corners Shopping Center site on Wednesday.
Now it plans a public groundbreaking at 11 a.m. on May 11, and after a multimillion-dollar redevelopment, the renamed Truman’s Marketplace is scheduled to be completed in summer 2016.
“We’re thrilled to be underway with this at last,” said Dave Claflin, spokesman for RED Legacy.
The project was delayed as RED tried to secure a tenant for the 185,000-square-foot former Sam’s Club on 20 acres at the Blue Ridge Boulevard and Interstate 49 site.
When that didn’t happen, RED decided the Sam’s Club building could be part of a future redevelopment phase.
The $75.7 million Truman’s Marketplace will include a remodeled parking area, as well as new landscaping, new facades on existing buildings and pedestrian-friendly amenities.
RED said it had secured commitments from such tenants as L.C.’s Bar-B-Q, Ross Dress for Less, Petco, T.J. Maxx, Shoe Carnival, Burlington and Five Below for the 580,000-square-foot center.
Truman Corners opened in 1958, taking most of a site that was formerly the Truman family’s farm.