|The Grundy Town Center project is the centerpiece of a comprehensive downtown revitalization strategy to return the town to its former prominence as a regional hub for commercial activity after years of environmental and economic decline. The Grundy Town Center project is expected to create between 300-400 new permanent full-time jobs and has resulted in the development of 140,000 square feet of new commercial retail space.||
Grundy Town Center FAQs
Location: Grundy, Virginia
Construction Completed: August 2011
Size: ~140,000 square feet
Cost: $39 million
Purpose: Commercial and Retail Space
Jobs Created: 340 full-time, permanent
More Information: raisinggrundy.com/
The project stems from a flood-proofing project implemented and managed by the U.S. Army Corps of Engineers (USACE) started in the mid-1990s. Since 1929, Grundy has experienced nine major floods and many businesses did not reopen following a 1977 flood that inundated the downtown business district. The USACE agreed to assess and mitigate the persistent flooding and ultimately, recommended that the town relocate to prevent future damage.
The Grundy Town Center project has produced, and will continue to produce, significant tangible community development outcomes, including job creation, new commercial space, increased tax revenues, and increased availability of goods and services for low-income families. Residents of Grundy and the surrounding area used to have to drive over an hour to neighboring counties or neighboring states to access to access the retail shopping and professional services that will are available at the Grundy Town Center. The Town Center is anchored around a Walmart store raised over a two-story parking deck and surrounding stores include Factory Connection, Hibbett Sports, GameStop and Unique Nails.
The project will catalyze further investment in the Town of Grundy by spurring retail activity and job creation in planned commercial out-parcels. The ultimate goal of the project—to re-establish a local tax base and stimulate economic development in the Town of Grundy—is certainly being achieved. Beyond the obvious effects upon the local community, the Town Center is a viewed by many as a model town for the way that future towns will be built—a “walkable” downtown that pulls in influences from small European towns and is easily accessible and more environmentally-conscious.