Fast-growing German-owned grocer Aldi Food Market is planning a fifth Osceola County store and second on Kissimmee's W192 corridor.
SunDev Properties principal Mohamed Diab told GrowthSpotter the grocer will break ground before the end of the year on a 19,000-square-foot store in the Cane Island Shopping Center, at 5250 W. Irlo Bronson Memorial Highway.
Aldi, which currently operates 16 stores in Greater Orlando, filed a Development Plan this month in Orange County for its 17th store on Curry Ford Road.
While the company operates in the small-store format, its newer stores now approach 20,000 square feet and have wider aisles and expanded produce, dairy and bakery sections.
SunDev bought the 6.7-acre Cane Island shopping center last year for $3.3 million, and promptly demolished a long-vacant restaurant on the eastern end of the site for a new Dollar Tree store.
"The Dollar Tree should open by August," Diab said. "We've still got 5,000 square feet available next to Dollar Tree."
Diab said he would file for permits next to demolish the 30,000-square-foot building that was started in 1990, and has sat vacant and unfinished ever since.
Diab said a portion of the building would have to be demolished to accommodate the Aldi parking lot. And since the building doesn't meet current building codes, it makes sense to demolish the entire structure.
He is currently marketing 2.42 acres between the two stores for ground lease or build-to-suit tenants. Diab said the site could accommodate two QSRs with drive-thru, additional retail or a full-service restaurant.