OMAHA—Westwood Financial Corp., a national owner and operator of shopping centers, has announced the expansion and remodel of the Hy-Vee supermarket at its Applewood Centre, located at 9765 Q Street in Omaha, NE.
Hy-Vee operates 236 stores throughout the Midwest and ranks among the top 25 supermarket chains in the US.
The company will expand the 60,000-square-foot store by 10,500-square-feet to make room for an in-store restaurant, pharmacy drive-thru and a wine and spirits store. In addition, it will make interior enhancements throughout the store and exterior improvements such as a remodeled front fascia and walkway and expanded customer parking.
“It has been a pleasure to work with Hy-Vee to accommodate this expansion,” says Kenneth Loughran, senior vice president of Westwood. “The upgraded and remodeled store will not only give Hy-Vee a more contemporary look inside and out, but it will also drive additional traffic to the center, which is a benefit for existing tenants and an incentive to business owners interested in starting or expanding businesses at Applewood.”
According to Loughran, Applewood was opened in 1983 and has successfully operated as a Hy-Vee-anchored shopping center for over 20 years, consistently maintaining a high occupancy. He adds that dense single and multi-family subdivisions surrounding the center provide a strong customer base, and also limit future retail development.
“This, in combination with its central location to multiple office and light-industrial parks, makes Applewood a valuable asset to the community,” he says. “Hy-Vee sees these improvements as an opportunity to provide customers a better array of services in an updated and friendly atmosphere.”
Westwood expects to finish the expansion and remodel in the fall of 2014.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
