Publix has signed a lease for a new store in SouthPark.
The 68,000 square-foot Publix will be at the corner of Sharon Road and Colony Road, the Florida-based grocer said in a statement Tuesday. The store is less than a quarter mile away from the Harris Teeter on Morrison Boulevard.
The new shopping center that Publix will anchor, called The Colony, will include 300,000 square feet of retail and restaurant space, 250,000 square feet of office space, a boutique hotel and apartments. Texas-based Schlosser Development is behind the project.
The Colony, which will be one of the largest redevelopments in the city, was approved by Charlotte City Council in early 2016, despite some concerns from neighbors and council members over traffic.
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An opening date for the new south Charlotte Publix was not immediately available.
Construction of The Colony is expected to begin sometime in the second quarter of 2019, according to Schlosser.
Publix competes for customers with Harris Teeter, which is why the two grocers have stores in close proximity to one another around Charlotte.
In Cotswold, for instance, Publix opened a store on Randolph Road this summer that is a few hundred feet from an existing Harris Teeter. The grocers also have stores within a mile of each other in South End, Highland Creek, Steele Creek, Cornelius, Huntersville and Mint Hill, among other locations in the region.
Publix is Charlotte’s No. 4 grocer, with 7.1 percent of the area’s market share, according to an annual report from sales-tracking firm Chain Store Guide. The grocer opened its first North Carolina store in Ballantyne in 2014, and now operates 22 stores in the Charlotte region.