Aldi grocery store project sparks community excitement

A new Aldi grocery store is set to be developed in front of the Eagleton shopping center, adjacent to the Sherwin Williams paint store along Lafayette. The project, announced at the end of May, will involve a 20,000 square foot building and is expected to create 10 full-time and 6 part-time jobs. The total investment for the build-out is estimated at $5 million.

Corey Coburn, representing Coughlin Development, clarified that the agreement in place is with the property owner, not directly with Aldi. The company plans to lease the building to Aldi once completed. The development is anticipated to break ground later this year, with an expected opening in late Q1 or early Q2 of the following year.

In seeking financial support from the city, Coughlin Development has requested a 12-year tax abatement at a rate of 75%. Although the local school district typically becomes involved at an 80% threshold, the developers have proactively communicated their plans to the school to ensure transparency.

The announcement has generated significant community interest, with a press release shared over 400 times on social media within just two hours. Coughlin Development's aggressive marketing strategy aims to meet the needs of local residents, and the community is looking forward to the new grocery store's opening.