LAKEWOOD RANCH -- With the acquisition of Good Earth Grocery store by Richard’s Foodporium -- formerly Richard’s Whole Foods -- the Main Street store will be closing April 30, Lakewood Ranch developer Schroeder-Manatee Ranch announced today in a press release.
“While we love the Main Street location, Richard’s has another already established store very close by,” said John Rorer, owner of Richard’s Foodporium. “In addition, the 12,000-square-foot space does not fit in to our typical marketing and branding strategy. For these reasons, we will not turn the existing Good Earth store into another Richard’s Whole Foods.”
The former Good Earth space will be reconfigured to accommodate several businesses. LWR Commercial Realtors have noticed a trend that has business owners becoming more conscious of the size of their stores, with less space being more sustainable, the press release said.
“With the recent economic challenges, it’s become difficult to support a 12,000-square-foot space — regardless of what type of business it is,” said Brian Kennelly, president of LWR Commercial Realty. “Just like people are downsizing their homes, business owners are downsizing as well, which is why we have decided to break that up into multiple spaces. We are excited by the opportunity to repurpose this prime space to meet market demands.”
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The Premier Sports Campus of Lakewood Ranch will take a portion of the former Good Earth space, turning it into a multi-use sports performance and training center for use by athletes visiting the campus. The center will also be open to the public via memberships.
LWR Commercial Realty also has a letter of intent from another popular casual restaurant slated to take up another portion. Construction of both of the new businesses is slated to begin in July for openings in November. The remaining space will be able to accommodate two-to-three additional tenants.
The Viking Cooking School is scheduled to open on Main Street in August and Urban Accents, a home goods store will also be opening soon, the press release said.