The Sav A Lot grocery in Red Bank, which opened more than two decades ago on the site of a former Kroger supermarket, is closing to make way for a planned townhouse and office development on Dayton Boulevard in Red Bank.
Sav A Lot is selling out its remaining merchandise with clearance sales on its remaining items.
Most of the rest of the storefronts in the 47-year-old shopping center are already vacated, although Green’s Design Supply and a shop called My Liquor Tobacco and Beer continued to operate this week.
Red Bank City Manager Martin Granum said Monday that the city is being asked to rezone the site to allow for construction of 38 townhomes along with offices and other commercial development.
A proposal by Rise Partners, a Chattanooga real estate firm that specializes in buying and repositioning commercial properties, calls for the existing 23,343-square-foot Sav A Lot store to be converted to offices and for the construction of 28 2-story townhomes and 10 3-story townhomes on the rest of the property.