German grocer ALDI is continuing its rapid expansion in the Orlando suburbs with another supermarket planned for Osceola County.
ALDI has a purchase contract for 2.8 acres on U.S. 192, a half-mile west of Narcoossee Road. Company representatives are scheduled to meet with the St. Cloud Development Review Committee next week to go over the site development plan and construction drawings.
Upham Inc. of Ormand Beach is the civil engineer on the project, while Oklahoma-based SGA Design Group is the architect. SGA, which specializes in prototype design and rollout for national retailers, submitted color elevations of the proposed 19,209-square-foot store which shows a slight variation along the roofline from the earlier prototype.
This would be the second ALDI in the St. Cloud city limits after opening its first store in The Oaks shopping center 4056 13th Street. The company has added new stores on W192 in Kissimmee and Clermont, slated to open in June.
Aldi's corporate office announced an ambitious plan in 2017 to add 900 new stores in the U.S. over five years, with a goal of making it the third largest grocer in the country by 2022.
The newest store will be on a lot that's being carved out of a 14-acre parent parcel with 1,000 linear feet of frontage along E192. Real estate investors Daryl Carter and John Reich partnered together in early 2017 to buy that parcel, along with the remaining undeveloped industrial lots in the Osceola Industrial Park, for $1.9 million.
"It's an exciting project for us," Carter told GrowthSpotter. "The balance of the frontage on 192 is spoken for with several other outparcel usages."
He declined to name the buyers, but said even if the contracts don't close, he's confident the new ALDI would help attract quality retailers.
"It could be banks, it could be restaurants, it could be coffee shops," Carter said. "We would be open to doing a build-to-suit for the right user. We've both done that before."
Reich said the partners are subdividing the commercial lot into a total of six parcels, all of which are under contract except for a single 1-acre outparcel. In addition, the partners have sale contract to Victory Development for another 3-acre commercial lot just down the road for a future Caliber Collision.