Aldi Supermarket enters R.I. area with new 15,700 s/f store
New England Construction an has begun construction for a new Aldi Supermarket. This will be the first Aldi Supermarket in the R.I. area.
Aldi entered the U.S. market in 1976, with a handful of stores in southeastern Iowa. Now, more than 850 U.S. Aldi stores are spreading the from Kansas to the East Coast.
In its 2007 report, Supermarket News ranked Aldi 24th in U.S. grocery chains in terms of gross sales.
The new market will be located on Pontiac Ave. The new facility will total 15,700 s/f consisting of a sales floor, receiving area and office space. Construction is slated to be complete late next spring.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.