2017 Annual Report

Virginia Furniture Market owner, Joel Shepherd, on site of future store in Christiansburg

Image Credit: Copyright, The Roanoke Times, reproduced by permission

NEWCOMMERCIAL REAL ESTATE PROJECTS BRING BIG NAMES TO THE COUNTY REAL ESTATE & INFRASTRUCTURE Three major commercial real estate projects have filed plans in 2017, including: • Old K-Mart Redevelopment (Christiansburg) -The firm that is currently working to redevelop the former K-Mart site has plans that include Hobby Lobby, Dollar Tree, and other retail space once the building is split into smaller areas. Plans have also been filed for Lidl and Aldi, both German grocery store chains, to build stores on the neighboring sites to the former K-Mart. • Virginia Furniture Market (Christiansburg) - Virginia Furniture Market has plans in place for their largest store yet, which includes 60,000 square feet of retail space on a parcel adjacent to Home Depot and Target. This $5 million project will be the eighth location for the chain, but the first west of the Roanoke Valley. • Marketplace Shopping Center (Christiansburg) - A pair of investors has signed a contract to purchase the property in hopes of bringing the shopping center back to life. Several letters of intent have already been signed with new national tenants to fill the space.

Image Credit: Montgomery County Public Information office

Image Credit: Copyright, The Roanoke Times, reproduced by permission

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