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Atlanta & Southeast  + Carolinas  + Retail  | 
riverbirch Target

Casto Greenlit for Sanford Target Store

The Sanford City Council approved zoning covering the Riverbirch Corner Shopping Center at 1033 Spring Lane that would allow developer Casto, to build a Target store. The Target announcement is part of a larger plan Costo has for the retail center. It plans to spend $64 million to reposition Riverbirch Center, by adding a Target and bringing in a new supermarket.

The Triangle Business Journal reports the Sanford City Council approved $4.4 million worth of incentives to Casto to redevelop the shopping center. As part of the agreement, Casto must open the Target and a new-to-market regional grocery store within five years in order to receive the incentives.

Casto purchased the shopping center for $10 million in 2022.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development