Kroger Central Division president Jeff Burt, Indianapolis Mayor Greg Ballard, Indiana Secretary of Commerce Victor Smith, Indy Chamber president Michael Huber and others announced details of Kroger’s massive, strategic capital investment plan for central Indiana today. Kroger’s plan, which quietly started in 2014 and continues through 2017, will exceed $464.6 million and create an estimated 3,440 additional jobs, plus additional jobs for the construction industry and Kroger’s vendor partners.
The Indianapolis plan follows completion of market-wide investment strategies in Fort Wayne and Bloomington between 2008 and 2014. The Fort Wayne strategy included an investment of more than $125 million and more than 500 new jobs. The Bloomington strategy included an investment of $40 million and more than 300 new jobs.
Kroger’s four-year strategic plan in the Indianapolis region will include:
(additional details for each store project will be announced as individual projects begin)
- Seven Marketplace stores at: 11700 Olio Road in Fishers); US 31 and Mallory Parkway in Franklin; 8850 South Emerson Road and 5325 East Thompson Road in Indianapolis, as well as three others to be announced later. The Marketplace investment totals $141 million and brings 1,530 new jobs.
- Four new stores at: SR135 and Smokey Row Road in Greenwood; 116th and Michigan Road in Zionsville; Southport and Franklin Road in Indianapolis and one to be announced later. The total new store investment is $75 million and 710 new jobs.
- Expanding five stores at: 1217 South Range Line Road in Carmel; Independence Drive at US 31 South in Greenwood; 150 West 161st Street in Westfield and two to be announced later. The total store expansion investment is $58.3 million and 580 new jobs.
- Remodeling 17 stores within their existing walls at: 530 South Indiana Street in Mooresville; 1571 North State Street in Greenfield; 1700 Northwood Plaza in Franklin; 2550 Lake Circle Drive, 5025 West 71st Street, 4202 South East Street and 5911 South Madison Avenue, all in Indianapolis, as well as 10 additional expansions or remodels to be announced later. The total remodel investment is $95.5 million and 480 new jobs.
