Friday, April 26, 2013

Weis Markets targeting Bedminster, PA for new store; to spend $135 million on CapEx this year

Last week Weis Markets presented its plans to the Bedminster Township planning commission for a 63,000 square foot supermarket and adjacent gas station at the corner of Routes 113 and 313 in Bucks County, not far from Doylestown. Meetings with the Board of Supervisors and the town's municipal authority are planned for the coming months.

Township officials have been hoping for some form of new construction at the site that would result in road improvements paid for by the developer. Rite Aid had received approvals to build on the site, but abandoned its plans.

In related news, Weis announced that it would invest $135 million this year towards 37 major projects, including four new stores and 32 remodels. (I'm not quite sure what the 37th project is.)

Weis currently operates 164 stores in PA, NJ, MD, NY and VA.

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