LU hoping to get 'big box retailers' into Fort Hill Shopping Center
LYNCHBURG, Va. (WSET) -- The Fort Hill Shopping Center in Lynchbug will soon get a makeover.
LU General Counsel David Corry said it will no longer be used by Liberty University for student parking.
Students have been parking at three different lots on campus, including some spaces at the former Macy's at River Ridge Mall, but that will soon change as the Macy's will be converted into two restaurants.
Corry said the school is going to demolish what used to be the the Winn Dixie grocery store, that has been damaged by weather and has been vacant for years, and will be marketed as a build to suit. That means the developer or landlord builds to a tenant's specifications. The landowner pays for the construction to the specifications of the tenant, and the tenant then leases the land and building from the landowner, who retains ownership.
Corry said the plan is for a big box retailer to come and be close to the road and have that high visibility.
There are no letters of intent yet, but the building is being marketed for that.
Liberty University has hired River Ridge Malls's managing company to lease the entire Fort Hill Shopping Center to find new tenants.
There are six vacancies along with the Fort Hill Bowling Center and Kinetix Health Club.
The demolition for the former Winn Dixie is set to be complete by the end of October.