Grocery chain Winn-Dixie plans to upgrade and expand its Marathon store into an adjacent space most recently occupied by pharmacy giant CVS.
Winn-Dixie and Ross Cooper, southern region vice president for Kimco, a New York City-based real estate investment trust that bought the shopping center at mile marker 50 from the grocery chain last fall, confirmed the plans.
"We do plan on expanding into the vacant space," Winn-Dixie spokeswoman Mayra Hernandez said. "I don't have the full details on what that looks like because it's in the works and being finalized."
"We haven't started any construction discussions or what the renovations would be, but I do know that's the plan," she added.
Kimco said in May that it plans a "redevelopment" of the entire shopping center but to what the extent is unclear.
"We are still evaluating our plans for updating and renovating the shopping center, but we're working with Winn-Dixie on that," Cooper said. "They plan to be there for a long time."
Kimco declined to renew the CVS lease and the pharmacy chain closed on May 10. Customers of the store's pharmacy had their accounts transferred across the street to the Publix pharmacy.
Payless ShoeSource, Kmart and the Brass Monkey Lounge are the other businesses in the roughly 106,000-square-foot complex. It appears those businesses will remain for the foreseeable future.
"We have no immediate plans to replace any of the tenants there," Cooper said.
In addition, Cooper said a long-vacant corner space bordered by Kmart and the Brass Monkey could have a tenant in the near future. "We have one lease we're negotiating for one of the vacant spaces," he said.
Kimco owns about 850 properties in 42 U.S. states, Canada, Mexico and South America. The company has been around since 1958 and its first property, which it still owns, is the Coral Way Shopping Center in Miami.