Southeastern Invests Roughly $60 mil to Redevelop Shopping Center in Hampton, VA
Southeastern announces the next development, investing roughly $60 million to overhaul the shopping center along Mercury Boulevard across from Peninsula Town Center in Hampton, Virginia and renaming it Riverpointe Shopping Center.
Formally known as Riverdale Plaza Shopping Center, this was one of the first major retail centers constructed in the city prior to the former Coliseum Mall’s development in 1973. But as new shopping options began to bloom within Coliseum Central, Riverdale didn’t keep pace with its more notable redeveloped retail neighbors, such as Peninsula Town Center, Coliseum Crossing and Mercury Plaza. Southeastern Development Associates is excited for this project and hopes to make this redevelopment feel like it fits in with the new development that is around the area.
This roughly 500,000 sq.ft. development will include a new Kroger + Kroger Fuel shopping center, At Home, Valvoline and many more tenants. Plans call for Riverpointe to shed much of its dated exterior, with some of its massive parking lot being transformed to accommodate Kroger’s larger store format for the development. Additional plans also call for Kroger to install an 18-pump gas station on the property.
At Home, a national home décor and furniture store based in Plano, Texas, is also set to anchor the retail center at 1072 W. Mercury Blvd. with a 91,000-square-foot store.
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