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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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IKEA to buy 31 acres for SA-area location


ikeaIKEA
is moving forward with plans to open a San Antonio-area location as part of the company’s goal to “fill in the middle of the country with a little bit of Sweden.” The retailer is currently under contract for 31 acres of vacant land at the corner of I-35 and Loop 1604, the future home for its proposed location in the city of Live Oak.

The Swedish retailer will begin filing for permits to open the fifth Texas store, which is expected to open its doors by the summer of 2019.

At a press conference the retailer shared details for the future 290,000-square-foot store, which is expected to include more than 1,000 parking spaces and, consistent with the retailer’s 390 locations around the world, boast the infamous yellow and blue design scheme.

Across the San Antonio metropolitan statistical area the retailer has about 180,000 customers that have been making the trek to the company’s closest location in Round Rock, a suburb just north of Austin.

Click here to read the full article: San Antonio Business Journal  IKEA to buy 31 acres for SA-area location 11-29-2016

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