MIAMI—Construction will soon be underway on the City of Miami’s first Walmart store. The retail project will create a new option for residents who need jobs or want more affordable shopping in their neighborhood.

To be located at 6991 SW 8 St.—the former site of Everglades Lumber in Miami’s Flagami neighborhood, the Walmart Neighborhood Market site will also be home to a gas station and a TD Bank. Construction is set to begin next year with an anticipated opening in 2014.

“A Walmart in the city means our Miami customers will save time and money,” Steve Restivo, a senior director of Community Affairs at Walmart, tells GlobeSt.com. “Plus, our store will help deliver an added economic boost for the Flagami neighborhood by creating construction and retail jobs, generating revenue for the city and revitalizing a dormant property.”