News Summary
A brand new Aldi store is set to open in the Medical District of Memphis at 785 Union Avenue. Covering 27,800 square feet, this store aims to enhance grocery access in a previously underserved area. Construction is underway with an expected opening in early 2025, providing the community with jobs, fresh food options, and additional retail space.
Exciting New Aldi Store Coming to Memphis’ Medical District!
Big news for grocery shoppers in Memphis! A shiny new Aldi store will be opening its doors at 785 Union Avenue in the heart of Downtown Memphis, right within the bustling Medical District. This area is buzzing with growth, making it the perfect spot for a new store to set up shop. The new Aldi will cover about 27,800 square feet—plenty of room to stock up on all your favorite groceries.
A Fresh Start in an Old Space
You might be wondering what was at this location before. Well, it once housed an Office Depot, but times are changing! The Memphis and Shelby County Division of Planning and Development has already rolled up its sleeves, processing a commercial alteration permit for the site on August 8. All the exciting changes for the new Aldi are spearheaded by the **Oklahoma-based SGA Design Group**, which filed the permit for this much-anticipated project.
Building Dreams with Strong Support
So, what’s the financial scoop? The construction for this new store is expected to cost around $1.75 million. A significant investment that showcases the confidence in this community and the need for better grocery access. Aldi representatives have announced they plan to open the store in early 2025, which isn’t too far away!
It’s interesting to note that the Union Avenue location is owned by **Houston-based Hunington Properties**, who snagged the 2.45-acre property for $4.5 million back in December 2022. Prior to committing to Aldi, Hunington Properties had ambitious plans for a 243-unit multifamily project called “The Vic on Union” for the same site.
In fact, back in 2022, the Center City Revenue Finance Corp. approved an enticing 12-year payment-in-lieu-of-taxes (PILOT) incentive for the multifamily project. They also granted a variance in July of that year that allowed for multifamily and mixed-use development on the commercially-zoned property. But the vision has now shifted toward meeting the grocery needs of the community.
Filling a Gap in the Market
One of the most exciting aspects of this new Aldi store is its potential to enhance grocery access in what has been considered a food desert area of the downtown region. Currently, the closest major grocery store is the Gordon Food Service, located about 1.3 miles away. With Kroger locations also a bit of a trek, this new Aldi should make life easier for those daily food runs.
Renovation work is already reported to be underway, with construction expected to wrap up by March 2025. And here’s a fun twist—the Aldi store will feature additional space for retail tenants alongside the grocery store! This means more shopping options for the community, which is always a win in any neighborhood.
Community Voices Support the Change
There’s definitely a buzz of excitement among local residents and leaders. The Downtown Neighborhood Association’s president has expressed strong community support for this new grocery option. With the combination of new jobs, increased access to fresh foods, and additional retail opportunities, there’s a whole lot to look forward to!
So, grab your shopping bags and get ready, Memphis! The countdown to Aldi’s grand opening in the Medical District is officially on. Stay tuned as we keep a close eye on developments in this thriving part of the city. Your shopping experience is about to get a whole lot better!
Deeper Dive: News & Info About This Topic
HERE Resources
Downtown Memphis Anticipates New Aldi Grocery Store In Prime Location
Additional Resources
- Daily Memphian
- Google Search: Aldi Memphis
- Commercial Appeal
- Encyclopedia Britannica: Aldi
- Action News 5
- Google News: Memphis Aldi opening
- WREG
- Google Scholar: Grocery Stores in Memphis
- Fox 13 Memphis
- MSN Money
