It looks as though H-E-B has its sights on growth, with the retailer reportedly looking to build the largest distribution facility in its history. The building will be in its own backyard, allowing it to invest a massive $130-plus million into its home region.
Anticipated to span 1-million-square-feet, the project will likely create about 300 new jobs, according to a report from the San Antonio Express-News.
“Our company continues to grow in all of our markets…This particular location allows us great access to serve all of our markets along the corridor,” Dya Campos, H-E-B's Director of Public Affairs, San Antonio/West, told the Express-News, noting that H-E-B no longer had room to expand its preexisting San Antonio distribution and manufacturing facilities—located on a 70-acre plot along Interstate 35.
H-E-B’s new facility will be located on an 871-acre plot on San Antonio’s East Side and is anticipated to cost more than $130 million over the course of three years.
Over the course of the next decade, the city expects to accrue $8 million in tax revenue from the new development, with $20 million expected to go to surrounding taxing jurisdictions during that same period.
The San Antonio City Council will reportedly vote on whether or not to waive up to $1 million in city development fees on May 17th, as well as up to $500,000 in SAWS water and sewer impact fees for the site.
Will the retailer’s substantial investment pay big dividends in terms of growth in the important Texas market? Continue to follow Deli Market News for the latest.