New Development in Columbia's South Side
Kroenke Group Attorney Craig Van Matra said substantial construction for the newest Supercenter should start next month, and be finished by the end of the year.
Van Matra said other businesses are interested in buying land near the new Walmart, but he didn't want to say who they were just yet.
But not everyone is looking forward to another Walmart opening.
For customer Denver White, it's more of the same thing.
"The only thing I don't like about chains is you go to one place and you're not really going anywhere, you're going to someplace that you're used to," he said.
The new Supercenter will rise across Missouri's latest Kohl's. Kohl's celebrated its grand opening Thursday in Columbia.
Customer Kris Thomas was one of the first visitors of the new department store.
"There have been lots of stores that have opened up in the larger, more metro areas and I've heard lots of good things about the stores so I thought I'd come check it out," he explained.
The new Kohl's department store created about 150 jobs in the area.