High Point, NC -- There's good news for the City of High Point.
Last week, Belk announced plans to build a new department store at the Palladium shopping center. Now, the Triad Business Journal is reporting that Wal-Mart will build a Neighborhood Market store in the same area.
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Monday evening, High Point mayor Bernita Sims talked with WFMY News 2. She called the development exciting. She also said it shows High Point's population center has shifted a bit -- saying development shows where people live and shoppers are spending their dollars.
When asked if the new development will create more traffic, she said the city will have to work on some transportation changes to move traffic around in the area.
Christopher Dunbar with Blue Ridge Companies the developer for the Belk Project told WFMY News 2 that the Belk's will built adjacent to the Palladium at Deep River Shopping Center which is behind the theatre.
Dunbar said, there are no announcements at this time about the 20 plus acres surrounding the Belk's building. As far as having any elevations: Belk is working on architectural plans for their store and we do not have their final drawings.
Dunbar said his company is not the developer on the Wal-Mart store, but said from his understanding it will be located across Penny Road/Wendover Avenue behind Tex and Shirley's restaurant.
Wednesday, Walmart confirmed they are building a store in that area and provided this statement: "We're building a new Neighborhood Market on Wendover in High Point. The store is under construction now, and we hope to be ready to open by late summer. We don't have a Grand Opening date to announce at this point. As you may know, our Neighborhood Markets are about one-quarter the size of a typical Walmart Supercenter and carry mostly groceries, including fresh produce, and pharmacy items. They have been very popular with customers, who appreciate the fact that they get convenience and affordable prices in the same location. Our first Neighborhood Market in NC was build in Cary last year, and we opened another in Charlotte in February. Each Neighborhood Market generates around 90 jobs, which is certainly welcome in these difficult economic times. We are looking forward to being a part of the High Point community."
WFMY News 2