Shopping center

$60 million mall planned for Citation Boulevard

title=

The Greer and Webb companies announced on September 29, 2022 that they had purchased 28 acres at the corner of Georgetown Road and Citation Boulevard and planned to build a $60 million shopping center there.

[email protected]

Two Lexington developers have purchased 28 acres of land in a fast-growing neighborhood part of northwest Lexington and plan to build a $60 million retail complex on the site.

The Webb and Greer companies, which also developed City Center in downtown Lexington, announced on Thursday that they had purchased land at the corner of Citation Boulevard and Georgetown Road for $10 million from the estate of William Gatton , a longtime philanthropist with strong ties to the University of Kentucky.

The planned development, called Citation Center, will include a grocery store, pharmacy, fast-food and sit-down restaurants, professional offices and medical practices, according to a press release.

The companies said the tenants of the new project would announce “in the coming weeks” their intention to move into the new mall.

The Georgetown and Citation area has grown rapidly in recent years. Area residents have long complained about the lack of grocery stores and other amenities in the largely residential area.

“The demographics in this area have changed so much,” said Dudley Webb, of Webb Companies. “This is one of the most underserved areas in our community.”

Webb said the package is already zoned for a commercial zone and a zone change is not necessary. The Webb and Greer companies will have to file a development plan, which is in the works, Webb said.

Construction will likely take 18 to 24 months, he said. No economic incentive will be needed to develop the new mall, Webb said.

The property was once part of a lawsuit between Gatton and the Haymaker Development Company. In the lawsuit, Haymaker argued that there is an ongoing agreement between Haymaker and Gatton regarding the development of purchased land in the Hamburg area and at the intersection of Georgetown Road and Citation Boulevard. A lawyer for Gatton said the land in question belonged solely to Gatton, and that there was no documented agreement that Gatton was to sell this land to Haymaker for development.

A federal judge ruled in February that Gatton owned the land and did not have to continue working with Haymaker to develop the land.

This story was originally published September 29, 2022 9:55 a.m.

Beth Musgrave has covered government and politics for the Herald-Leader for more than a decade. A graduate of Northwestern University, she has worked as a journalist in Kentucky, Indiana, Mississippi, Illinois and Washington DC.