JC Penney store at Virginia Center Commons closing May 16
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The JC Penney store at Virginia Center Commons will close permanently Sunday, May 16. The company sold the building that houses the store and an associated parking lot earlier this year to companies controlled by The Rebkee Co. and Shamin Hotels, which paid $3 million for the 7.67-acre site. The companies are planning to redevelop the mall site into a mixed-use development; Rebkee is planning as many as 400 apartments on the Penney site.
Henrico County is spending $50 million to build an indoor arena and convocation center at the site on land it purchased from The Rebkee Co.
