LAKELAND, FL – Publix Super Markets is taking the next step into securing its footprint even further into the Virginia map, this time with the help of its recently secured Martin’s Food Markets grocery stores. The company plans to invest $10.29 million total into the first three stores to be renovated, out of the ten purchased. 

The company obtained building permits for the three locations, which listed renovations for each building to include electrical, plumbing, and heating and air-conditioning systems. According to the Richmond Times-Dispatch, Publix did not state how long each location would be closed for to undergo the shift in banners, but did expect each store to undergo extensive changes.

The Virginia-based locations, as well as their prospective floor spaces, and projected renovations costs, are listed as follows: 

• Cross Ridge, Glen Allen: $3.24 million and 60,783-square-feet
• White Oak Village, Richmond: $3.44 million and 67,139-square-feet
• John Rolfe Commons, Richmond: $3.45 million and 67,828-square-feet 

The stores may close as early as November 28 to begin renovations, although Publix has not yet stated how long the renovations and banner changes will take. The Richard Times-Dispatch also reported that 438 employees at Martin’s are losing their jobs as a result of the stores closures.

As we previously reported, Publix first stated that it was picking up the ten Martin’s stores back in July. The stores were put up for sale by Martin’s as part of Ahold Delhaize’s divesture prior to the company’s respective merger. 

Publix will be completing the renovations of the remaining seven locations on a rolling basis.

As acquisitions, expansions, and remodels continue to sweep throughout the buy-side sector, stick with AndNowUKnow for a keen assessment of the latest.

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