Each store would be approximately 90,000 sq. ft. and would require an investment of approximately $14 billion to $16 billion, creating anywhere from 400-550 new jobs. Hy-Vee currently has one location under contract in the Twin Cities area, with several more projects in various stages of research and development, the company said.
"Our commitment to excellent customer service, health and wellness, and culinary expertise is unlike anything in the market to date," said Randy Edeker, chairman, CEO and president of Hy-Vee. "Minnesota and its residents have long been important partners, and we are proud to extend that partnership into the Twin Cities area."
Hy-Vee is a leading grocery retailer with 235 stores in eight states. The company recorded sales of $8 billion for 2013.