Publix will build at Magnolia Plaza, according to BV Belk

 

Nov. 28 It looks like Cornelius will be in the next wave of Publix Super Markets' expansion into the Charlotte marketplace. B.V. Belk Properties, the owner of the Magnolia Plaza shopping center at Jetton Road and West Catawba Ave., says Publix Super Markets Inc. has put the entire shopping center under contract. The chain plans to build a 40,000 square foot grocery store.

Publix officials would not comment, but the Lakeland, Fla.-based chain is going up against Matthews-based Harris Teeter Inc. which has long dominated the Charlotte market, Cornelius in particular. At one time, Harris Teeter had two stores in Cornelius, one at Jetton Road and one at Torrence Chapel Road, less than a mile apart.

The existing Harris Teeter, essentially across West Catawba, is 45,000 square feet.

Belk Properties did not disclose the contract price, but the shopping center is valued at $11.9 million according to Mecklenburg County property records.

Construction is expected to get under way on the new Publix store sometime next year. It would be located on the open pad to the left of the former K&W Cafeteria. In an email to town commissioners and staff, Mayor Jeff Tarte said the Publix deal is a "chance to transform and update the entire Magnolia Estate strip center," parts of which date back to 1989.

Publix Super Markets announced back in September that it was coming to Charlotte in a big way, with a new division based in Charlotte. The upscale grocer signed a lease for a store on Providence Road West and Johnston Road in Ballantyne. The Ballantyne store marks Publix’s entry into North Carolina. Besides Florida, Publix operates in Georgia, South Carolina, Alabama and Tennessee.

The grand opening date for the North Carolina location will depend on several factors, including permitting and completion of the store's construction; however, the opening is tentatively planned for early
2014.

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