Stiles, one of the largest commercial real estate development firms in South Florida, has recently announced the completion of a 27,300 square foot shopping center. This new development is anchored by a Fresh Market – a unique supermarket that gives shoppers the feeling of being in an open European-style market.
It seems surprising because on May 18th of this year, The Fresh Market announced that it will be closing 13 locations across the U.S. Texas, Iowa, Missouri, and Kansas can expect to see The Fresh Market disappear from its shopping centers, with the majority of these closures coming from the Texas area.
The Fresh Market operates in 23 different states across the U.S., with more than 175 stores. As of recently, however, Apollo Global Management acquired the grocery chain and CEO Rick Anicetti deemed these closures a necessary step in the company’s long-term plan. Based off of Anicetti’s statement on the recent closures, it can be presumed that this new store in the Fort Lauderdale region will do fairly well since the company continued with its development.
The Fresh Market offers a unique way for customers to shop as well as a great selection of food. I think that this chain provides competition for other large names like Publix and Trader Joe’s.
Written by Front Street Intern Brett Murphy