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Industry Expert Explains Importance of Grocery Store for
Ashton Meeting Place
-Sustainability is Most Compelling Reason-
I understand there
is much debate over the need for a grocer at
The other concern is size. Consumer demand has driven the grocery industry into bigger formats, upwards of 65,000 square feet. There are, however, grocers who are flexible to conform to smaller spaces if they feel they can still be successful. Grocers who are less than 30,000 square feet tend to be specialty stores that offer a limited number of products and draw customers from a wide radius.
Our intent is to
create an environment that offers neighborhood-serving retail. It
is not our vision to create a ‘destination’ for shoppers coming from
miles away. The retail portion of this
development would encompass just over 54,000 SF, with the grocery
store comprising of only 35,182 SF. To put this
into comparison, the entire retail at
Michael Zacharia Senior Vice President, CBRE |