Amid the surging competition of the shifting buy-side industry, and new realms in store for consumer interested e-commerce, Walmart has upped its production with a new distribution planned for Central Florida. The facility is currently valued at more than $2 million, and will be built on 146-acres.
Residing in Brevard County, the distribution center will emcompass 592,830-square-feet. According to the Orlando Business Journal, the facility will have one main building to store its perishable groceries, such as dairy, deli, and meats.
Walmart filed a permit so it could begin its project in Cocoa, FL. The retail giant will reportedly receive $2.92 million in economic incentives from the city, according to Florida Today, with a cash incentive of $2 million.
Orlando Business Journal speculated that the facility will generate new capital for Cocoa of $96.2 million through construction, renovations, technology, and furnishings.
Additional building plans for the project include smaller facilities for fuel, a guard house, truck maintenance garage, and more. The project will have 943 parking spaces, as well as a dock for shipping and receiving.
Once its permit is secured, the retail giant will be able to move forward with its prospective plans. The distribution center is estimated to create around 239 jobs.
Which buy-side company will be the next to make strategic expansion moves? Keep up with Deli Market News as the reports role in.