Best Buy is going to be relocating their existing store at The Markets at Town Center to the proposed new development across the street, known as The Strand, and expanding by 4,800 SF along the way. The Strand is being developed by Preferred Growth Properties, LLC, a subsidiary of Books A Million, Inc.
On the heels of the recent announcement (posted here) regarding Stanmore Partners intention to develop 347 apartments across from the St. Johns Town Center, Hobby Lobby is the next big announcement related to the same site. The retailer has confirmed that it intends to sign a lease for space in a retail project known as The Strand. The Strand will be built on land that is currently under contract by Preferred Growth Properties (Arthur Chester III Trust is seller) and set to close in January. Hobby Lobby plans on opening in mid-2017. Hobby Lobby, which already has stores in NEFLA, is growing in popularity due to the widespread use of social media platforms such as Instagram and Pinterest, which is a popular place for people to post and search for DIY (Do It Yourself) projects.