ALDI Underway on New Store Growth and Remodels

Batavia, Ill. — With more than 1,800 stores across the country, ALDI is in the midst of an accelerated growth plan, investing more than $5 billion to remodel and expand its store count to 2,500 by the end of 2022. Currently, the company is more than halfway through its remodel investment.

RD Management Hires New Chief Development Strategist

New York City — RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, has hired Christopher Bowen as chief development strategist to manage the redevelopment project of University Mall in Tampa, Fla. Bowen brings over 25 years of national commercial development experience.

Tanger Outlets Plans Outlet Center Near Memphis

Greensboro, N.C. — Tanger Factory Outlet Centers, Inc., plans to develop Tanger Outlets Memphis in partnership with Poag Shopping Centers, LLC. The partnership will commence construction immediately and open for the 2015 holiday season. The partners plan to initially deliver approximately 310,000 square feet of space to house around 70 upscale brand name and designer outlet stores. The site can accommodate future expansion to a total footprint of approximately 410,000 square feet of outlet and other retail uses. 

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