IKEA plans to break ground on a three-level, 380,000-sq.-ft. building in midtown St. Louis this summer, according to Pace Properties, the broker selected by IKEA to help facilitate the chain’s expansion into the St. Louis market.
Ikea said that contractors have been hired and a building permit is pending for its future Miami-Dade store in Sweetwater, Fla., putting the home furnishings retailer on track for a groundbreaking in 60 days and a summer 2014 opening date.
A report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.
Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.
The nation’s chain retailers lead the nation when it comes to commercial solar energy use, according to a report released by the Solar Energy Industries Association and Vote Solar Initiative advocacy group.