MIAMI-City Furniture is getting active in South Florida’s commercial real estate scene. The furniture retailer announced a $17.5 million expansion program and just sold two older sites.
City Furniture plans to construct or renovate five stores from Miami to West Palm Beach, beginning with the major renovation of its Dadeland store in Pinecrest. The company also sold two older stores for $6.8 million.
The expansion program calls for three store openings during 2012, creating work for several hundred construction tradespeople. City Furniture president Keith Koenig said the company will start hiring in the coming months for a total of more than 75 permanent jobs it plans to create in the region by early 2013.
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