Wegmans details timeline for opening its first Charlotte store, dishes on what's next [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
Around Jan. 1, the Rochester, N.Y.-based grocer plans to start demolition of four office buildings and extensive land preparation at the Ballantyne property on North Community House Road, Wegmans' vice president of real estate Dan Aken told The Charlotte Observer on Friday. Wegmans received its land disturbance permit last month from the city of Charlotte. By the end of the year, Wegmans expects to receive its building permit approval and finalize the purchase of the 14 acres on Ballantyne 's east side from Northwood Investors. Wegmans is part of Northwood Investors ' over $1 billion Ballantyne Reimagined project. Construction on the building will begin by late summer 2025, Aken said, for a fall 2026 debut. “It takes about 12 months from the time we put a shovel in the ground to get our doors open,” he said. Wegmans would not disclose how much its investing in the Charlotte store, but Aken said it is significant at “10s of millions of dollars.” Wegmans confirmed plans for
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WMT
Earnings
- 11/19/24 - Beat
WMT
Sec Filings
- 12/27/24 - Form 4
- 12/27/24 - Form 4
- 12/26/24 - Form 4
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