VOL. 133 | NO. 27 | Tuesday, February 6, 2018
Trader Joe’s Seeking First Official Approval from Germantown
By Patrick Lantrip
The saga of Trader Joe’s in Germantown has had more than its fair share of ups and downs over the last several years, but those all appear to be in the rear view mirror, as the first tangible plans listing the highly-sought after grocer have surfaced.
On Thursday, Feb. 8, the Germantown Design Review Commission subcommittee will review Trader Joe’s application for its location in the Germantown Collection shopping center.
Though previous plans for the 2130 Exeter Road site have been reviewed and approved by various planning boards in Germantown, this is the first time that Trader Joe’s has been listed as the tenant.
The first hint that the on-again-off-again project was finally coming to fruition was a $750,000 building permit application citing “tenant buildout” for Trader Joe’s that was filed with the Shelby County Office of Construction Code Enforcement on Jan. 26.
The future of Trader Joe’s in the Memphis area was most recently cast into doubt in May of 2017 when Centennial American Properties, the previous developers of the planned Trader Joe's location, told The Daily News they were pulling out of the project.
However, the project again began to show signs of life several months later when Savannah, Georgia-based Wicker Park Capital Management, doing business as 2130 Exeter Road Holdings, took over the project.
On Nov. 7 2017, 2130 Exeter Road Holdings’ revised site plan was approved by the Germantown Planning Commission, however no tenant was named in the plans, and representatives with the development team declined to speculate on whether or not Trader Joe’s was still involved with the project.
In December, Wicker Park purchased the parcel of land outright from previous owner Robert H. Schwab for $8.1 million.