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VOL. 131 | NO. 241 | Monday, December 5, 2016

Trader Joe’s Developer Seeks $2.5M Permit

By Patrick Lantrip

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CAP Germantown LLC, the company developing a future Trader Joe’s store in Germantown, has pulled a $2.5 million building permit for modifications to the site, located near the northeast corner of Exeter Road and Poplar Avenue.

The application submitted to the city-county Office of Construction Code Enforcement calls for both exterior and interior changes to the former Kroger building at 2130 Exeter Road, including modifications to the front wall “to create a new look on the front facade” and “interior modifications (shell only) for Trader Joe’s and future mercantile tenants.”

Representatives with Trader Joe’s and Centennial American Properties did not immediately respond to requests for comment.

Trader Joe’s confirmed its plans for the Germantown store in September 2015, with plans to open in third quarter 2016. In June, the grocery chain announced the opening had been pushed back, citing construction delays.

The store won't likely open before 2018.

The project encompasses both new construction and a renovation to the former Kroger. The new building will measure roughly 19,500 square feet, with Trader Joe’s leasing 12,500 square feet of that space. The footprint of the Kroger, meanwhile, will be reduced from 61,332 square feet to 46,530 square feet, and subdivided into three retail bays measuring 17,570 square feet, 4,670 square feet and 24,290 square feet, according to documents filed with the Germantown Planning Commission in July.

The new permit application states that “approximately 23,000 square feet” will remain unoccupied “until uses can be determined.”

CAP, standing for Centennial American Properties, has developed more than 7 million square feet of commercial space in the Southeast, including other Trader Joe’s locations. The company sought a $3.5 million building permit in March to cover “shell space for general retail.”

Knoxville-based Barry Byrd Architecture is handling the design work; Blair Parker Design LLC in Memphis is the landscape architect.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 84 122 20,754
MORTGAGES 113 158 23,903
FORECLOSURE NOTICES 0 24 3,071
BUILDING PERMITS 0 187 42,781
BANKRUPTCIES 52 109 13,289
BUSINESS LICENSES 12 35 6,657
UTILITY CONNECTIONS 0 30 7,819
MARRIAGE LICENSES 18 45 4,688