A joint venture between IRC Retail Centers (IRC) and MAB American Retail Partners (MAB) has announced the purchase of a ten-acre area for the development of Midtown Mobile shopping centre in Mobile, Alabama, US.

Construction of the shopping centre is expected to begin in November and is likely to be completed by next year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
“The Publix store format will be customised specifically for this densely populated urban location, to better serve the local customer base and accommodate anticipated high levels of shopper traffic."

The 62,403ft² shopping centre will be located at the north-east corner of Old Shell Road and N. Florida Street.

IRC Retail Centers executive vice-president and chief investor officer Scott Carr said that the new Publix-anchored shopping centre will provide a grocery option to shoppers.

The IRC and MAB joint venture has signed a lease with Publix to construct a 39,203ft² grocery store with pharmacy drive-thru at the centre, which will also include 23,200ft² of shop space located on five freestanding building pads.

See Also:

The joint venture expects to begin construction in November and complete construction late next year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Carr said: “The Publix store format will be customised specifically for this densely populated urban location, to better serve the local customer base and accommodate anticipated high levels of shopper traffic.

“We expect this infill location and the traffic generated by Publix to attract a unique mix of retailers reflective of the character of the Midtown neighborhood.”