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After years of speculation, the Swedish home furnishings store Ikea announced Tuesday that it plans to build its second Virginia store in Hampton Roads.

Construction on the store is expected to begin in spring 2017 with an anticipated opening a year later, according to a company news release.

Ikea has long had a store in the Potomac Mills shopping center in Woodbridge.

The Hampton Roads store will be just off Interstate 64 at Northampton Boulevard in Norfolk. It will be near the Norfolk Premium Outlets, which is expected to open next year.

The store will be 331,000 square feet and have 1,000 parking spaces, Ikea said.

“We are excited at the possibility of growing our Southeastern U.S. presence with a Norfolk store,” said Lars Petersson, Ikea U.S. president, in the release.

“A location in this retail corridor would provide our nearly 35,000 Hampton Roads customers their own store and introduce the unique Ikea shopping experience to others throughout southeast Virginia.”