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.
Medford, MA Wyzer Biosciences will relocate next month from 85 Bolton St. in Cambridge to Cummings Properties’ Boston Ave. innovation campus. The firm’s new headquarters encompasses 5,800 s/f of administrative and laboratory space. Founded in Cambridge in 2011, Wyzer provides customized, end-to-end DNA sequencing and preparation services for the biopharma, biotech, and academic research sectors.
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.