Raley’s advances forward with plans to build a new flagship store in the town of Truckee. This past week, JMA Ventures successfully acquired the property located at Joerger Ranch on the corner of Highway 267 and Soaring Way, adjacent to the Truckee Tahoe Airport. The project will be developed in multiple phases and will consist of 16 acres for a lifestyle, mixed-use commercial center that will serve as a local and regional destination.
The first development phase will be anchored by a new 35,000 square foot Raley’s store and will serve both Truckee area residents and vacationers visiting the Sierra Nevada-Truckee Tahoe region. This phase will also include an additional 20 to 24,000 square feet of specialty retail. Raley’s is committed to developing a store that compliments the Truckee community. The store will have increased amenities and an expanded food service department including restaurant-quality, grab-and-go options to serve as customers’ one-stop-shop. And, the store decor will reflect the rustic mountain appeal native to the region.
“Raley’s is moving forward developing our store in Truckee; we are excited to provide the community with an innovative food shopping experience,” said Keith Knopf, Raley’s President & Chief Operating Officer. “Truckee represents an important addition for Raley’s strategic growth plan designed to deliver on our vision of infusing life with health and happiness.”
“We are very excited to hit this important milestone as we bring this new development to life,” said Todd Chapman, CEO, JMA Ventures LLC. “We are confident that this mixed-use project will help to enhance and revitalize the retail shopping experience in the region.”
The new center’s leasing will be handled by Ariel Fox and Hilary Parker of Retail West Inc (www.retailwestinc.com). “We are thrilled to be working on this project with Raley’s and JMA Ventures,” said Ariel Fox. “We want to help develop a gathering place for the community with a mix of great local, regional, and national retail and dining.”
by Chelsea Minor, May 1, 2017