The Versailles City Council approved a lease with Andover Versailles, LLC (AVL) for the former Kroger building at a special meeting on Tuesday, Feb. 24. The city and AVL are still negotiating the final terms.
Versailles resident Mike Hall is the managing shareholder of AVL.
According to Versailles Mayor Laura Dake, the plan is to sign the final agreement on or before March 1, 2026. The formal announcement with details will be discussed at next week’s regular City Council meeting on March 3.
Editor’s note: This is a developing story, and the Sun will have more on this lease and details about the company’s plans.