Construction has begun on a joint venture between Kroger Real Estate and Blanchard & Calhoun Commercial at the Shelter Cove Towne Centre, a sprawling 42-acre mixed-use development on Hilton Head Island, a thriving tourist destination on the South Carolina coast. The $74 million project will be built in three phases, reports the Herald.
Upon completion, Phase one will include the redevelopment of the existing shopping mall into an upscale walking village encompassing 290,000 square feet of retail, restaurant space and the very first Kroger Marketplace on Hilton Head Island. Views of Broad Creek and exciting new retailers will attract the millions of affluent visitors and residents. Phase two will incorporate a 5 acre park that will connect with the existing 12 mile trail system on Hilton Head Island. Phase three will add 210 waterfront apartments.
“We are very excited about the future and the successful opening of this amazing energy center for Hilton Head Island which will generate millions in revenue for retailers, restaurateurs, hotels, tourist attractions, partners and the city. At the same time, creating a vital hub for people to congregate,” said Michael Schlotman, CFO of The Kroger Co.
Zoning for the center was approved by the Hilton Head Island Town Council in December of 2012. With anchor tenants Belk and Kroger in place, the partnership is pursuing commitments from retail, restaurant and service tenants to occupy space at the development.
Upon completion, the Shelter Cove Towne Centre is expected to create more than 450 jobs and generate $5.1 million in annual sales tax revenue.
The new Kroger will be the largest grocery store on Hilton Head Island at 87,588 square feet and will feature an expanded selection of groceries, a Starbucks coffee kiosk, full-service Murray’s cheese shop, freshly prepared sushi, a bistro with chef-prepared meals with indoor and outdoor seating available, a walk-in beer cooler with Growler station, expanded wine selection with a Wine Steward and a drive-thru pharmacy window. The store will also have an outdoor seasonal selling area and bike repair stations on the sidewalk unique to this location. Read More.