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Publix Grocery Stores

Publix will open two new stores in severely distressed census tracts that are also food deserts. The opening of these new stores will address food insecurities and offer healthy food options to the low-income residents and individuals that work in these communities.

KHAX72 Florida Stuart Publix grocery store supermarket food interior check-out line queue cashier

What: Leasehold improvements for two grocery store locations
Where: Miami, FL
Cost: $12.6MM
UACD contribution: $3.92MM QLICI
Closing: April 2019

Community Benefits

Publix is an employee-owned regional grocery store operating primarily in the southeastern region of the country. Since its founding in 1930, Publix has committed to passionately focusing on customer value in every market it serves. The two new Publix locations in Miami’s low-income neighborhoods are aligned with UACD’s primary focus of supporting healthy food access. The two locations will create ~160 construction jobs; and approximately 200 permanent jobs, whereby 100% of the permanent FTEs will have benefits including employees profit sharing/stock ownership plans (ESOP). The two locations will decrease food insecurities in challenged areas and serve at least 700k customers per store.

Summary

As part of Publix Super Market’s retail expansion in the City of Miami, Urban Action Community Development (UACD) provided $4MM in NMTC allocation for FFE and working capital to open two new stores (“the Project”) in severely distressed census tracts that are also food deserts. The opening of these new stores will address food insecurities and offer healthy food options to the low-income residents and individuals that work in these communities. Publix will be the anchor tenant in two mixed-use developments. Publix will be the ground floor anchor tenant in the 3 Miami Central Building (a mixed-use ~94k SF 12-story development that includes office, retail, and a parking garage), which is part of the Miami Central district that spans over six downtown city blocks, and is in the historic Overton community. The second location, The Miami River Landing, is on the edge of the Health District, and is a mixed-use development that will include 430,000 SF of commercial space and 528 rental apartments. The Landing, which is situated on 8 acres of riverfront land, will offer an eclectic mix of restaurants, retail shopping, recreational entertainment and residential units.

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