Redevelopment plans and anchor tenant announced for shopping center in New York

Mahopac, N.Y. -- Heidenberg Properties announced The Stop & Shop Supermarket Company has executed a lease to occupy 54,000 sq. ft. at Lake Plaza Shopping Center in Mahopac, New York.



The new Stop & Shop will be built from the ground up, replacing the existing 24,000 sq. ft. Key Food and the 7,800 sq. ft. CVS. This redevelopment will be more than 25,000 sq. ft. larger than the two existing stores, expanding Lake Plaza Shopping Center from 141,000 to over 166,000 sq. ft.



“This project has been in the planning stages for quite some time and will be transformative,” said Robert Heidenberg, president and CEO of Heidenberg Properties. “We purchased this property as a redevelopment opportunity in June 2008 with the intent of adding value through compelling anchor tenants.” Stop & Shop currently operates 403 stores throughout New York, New Jersey, Massachusetts, Connecticut and Rhode Island, and is one of four regional divisions of Ahold USA.



Lake Plaza Shopping Center in conjunction with The Stop & Shop is slated to undergo a full renovation which will include: a new façade for the in-line tenants, modifications to the shopping center’s pylon sign, and a complete resurfacing of the parking lot including additional parking spaces, new LED lighting, and landscaping.