Q&A: Are there plans for the Giant Square Shopping Center on Independence Boulevard in Virginia Beach yet?
Question: Years ago a Loweâ€™s was supposed to go on an empty lot on Independence Boulevard, but that never happened. What is going to go there now?
Answer: Itâ€™s still up in the air what will happen to the Haygood Square Marketplace (formerly the Giant Square Shopping Center) near the intersection of Independence Boulevard and Witchduck Road.
But a more clear plan for the 13.5 acre site should emerge soon, said real estate broker Troy Parker.
â€œWeâ€™re negotiating with two grocery anchors,â€ Parker said. Heâ€™s not able to reveal which stores are eyeing the site, but they are national chains.
After an anchor store is decided, other tenants can be determined, Parker said.
According to a sign advertising space in the center, thereâ€™s space for a 10,000 to 50,000-square-foot anchor store and several 1,000-10,000-square-foot shops.
The shopping center was once anchored by a Farm Fresh. The grocery store closed about a year before Loweâ€™s bought the site in 2007. The Farm Fresh was demolished to make way for a new home improvement store.
But expansion plans changed during the recession, and Loweâ€™s decided to sell the land in 2013. Local developer Michael Sifen bought the site for $9 million in 2014.