News: Brokerage

Empire Commercial Construction awarded construction contract for ALDI with APD Engineering and Architecture

Greece, NY Empire Commercial Construction, a retail-specific division of regional general contractor Taylor-The Builders, was awarded the construction contract for a local ALDI store. 

Empire is teaming with APD Engineering and Architecture out of Rochester for design of the new addition, interior/exterior remodel and site improvements to the existing 17,000 s/f space located at 714 Long Pond Rd. Project completion is anticipated for April, 2019.

“Empire is proud to maintain its ever-growing relationship with ALDI as they continue their successful store expansion and remodel initiatives,” said project executive, Josh Myers. “As always, we remain committed to exceeding future construction goals for one of America’s favorite grocery retailers.”

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. ALDI is pleased to report the company is more than halfway through its remodel investment. The new ALDI store layout features additional refrigeration space to accommodate even more fresh, healthy and convenient products. This is the fourth renovation to be completed by Empire Commercial Construction, with previous projects located in Brockport, Irondequoit, and Hamburg, NY.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.