"Building & real estate" supplement piece on the development of empty big-box st

Sean Donahue

Source

Mainebiz

Date

7-19-2004

Pages

30-32

Abstract

"Building & real estate" supplement piece on the development of empty big-box stores in Lewiston-Auburn. George Schott, a local business owner who bought an empty Wal-Mart store in Auburn, hopes to fill the space with several smaller national chains. Shaws hopes to market two vacant spaces it owns in Lewiston--a former Shaw's supermarket and a former Ames--as spaces that could be subdivided for use by multiple tenants. Subdivision is expensive, but cheaper than new construction. Some fear the new stores could threaten an effort to revitalize the cities' downtowns, but economic development officials say the mall-area and big-box developments complement the cities' overall development plans, which call for attracting a different sort of local retailer.

Subjects

Hypermarkets, Real estate development

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