Work is officially under way on a new H E B Plus store in Southeast Austin that is set to open next spring, replacing the 25-year-old store at East Riverside Drive and South Pleasant Valley Road.
The new store will serve a growing East Riverside area where hundreds of apartments and condominiums are under construction, some of which will open by mid-2010.
The new store is scheduled to open in March or April, the day after the current store closes.
It will be 104,000 square feet, compared with the 60,000 square feet of the current store. The company's Plus format stores are larger and offer a wider array of merchandise than its traditional stores.
It will have about 350 employees, compared with 215 who work at the current store.
In 2008, nearly 266,000 people lived within five miles of the store, with average household incomes of $71,647 a year, according to Pitney Bowes Mapinfo demographic data provided by the Weitzman Group, a retail brokerage.
For the full story visit the Austin American-Statesman
This is further proof of the rapidly developing East Riverside Area. We recently listed two beautiful, new construction condominiums (click links to see virtual tours 1500 Summit #1 and 1500 Summit #2) with gorgeous views of the Austin Downtown Cityscape and just a stones throw from the river.