The stores will be City Furniture's first in this part of thestate. The retailer owns and operates six Ashley FurnitureHomeStores as licensee, and 15 City Furniture locations throughoutSouth Florida. The new stores are slated to open simultaneouslynext summer, according to City Furniture president KeithKoenig.

Locally, Miller Construction has already begun work on theinfrastructure of Alico Lakes, a 31-acre mixed-use center at AlicoRoad and Interstate 75 under a site development contract, accordingto a statement. An 80,000-sf City Furniture and a 34,000-sf AshleyFurniture HomeStore will anchor the center. The stores will haveseparate entrances but with an interior connection.

[IMGCAP(2)]Less than an hour south in Naples, Miller isconstructing an L-shaped complex that will include a 56,500-sf CityFurniture and a 31,500-sf Ashley Furniture HomeStore, which willalso be connected. The complex is rising at the intersection of US41 and Old US 41.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.