Hy-Vee, the supermarket chain that's expanding into the Twin Cities, has a deal with New Hope to buy land once occupied by a Kmart for a new grocery and gas station.
Finance & Commerce reports that New Hope's City Council approved a tentative deal to sell 13.3 acres to West Des Moines, Iowa-based Hy-Vee, which plans a 80,000 to 90,000-square-foot grocery store and 3,000-square-foot gas station for the site. The chain had wanted to build a car wash as well, but backed off after the city objected. Instead, a portion of the property could be developed into medical offices, or sold back to the city.
St. Louis Park-based Anderson Cos. will develop the property.
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