Super Duper Wally World
Word is a Walmart Supercenter is headed our way. According to a report in the North Adams Transcript, the multinational retailer has filed plans at North Adams City Hall for a 160,000 square-foot building at the city's old gravel bank.
Ceruzzi Properties of Fairfield, Conn., acting as BVS 5401 Investors LLC, purchased the nearby Dellaghelfa properties at 1519 South State St. and West Road for about $2.2 million in 2007, the city's gravel pit for $700,000 in 2008, according to documents in the Northern Berkshire Registry of Deeds, and the former North Adams Plaza in 2004 for $2.5 million.
Nigro Development LLC of Albany, N.Y., had originally taken out a purchase-and-sales agreement for the gravel bank, then became a silent partner with what was then Starwood Ceruzzi to develop both the gravel and the plaza. Nigro is currently believed to be out of the picture.
A Lowe's is planned for the old North Adams Plaza that's been coming down piecemeal over the past few months. The Supercenter will include groceries, electronics and expanded lawn and garden departments.
No word on what will go in the old Walmart, but the discount chain has planned aggressive growth over the next two years despite the economic downturn. In October, Wal-Mart Stores Inc. announced it would expand globally by 14 million square feet in this fiscal year and by 11 million next year.
Most of that will be through remodels and a focus on supercenters; the corporation expects to spend upwards of $25 billion (yes, BILLION) in capital construction over the next two years.
The plans will go before the Planning Board on Dec. 14.
|Tags: North Adams, Walmart|