Laurence Development LP

October 04, 2005 08:47 ET

Laurence Development LP Announces that Vincenzo’s to Relocate

Vincenzo's to Relocate to The Bauer Buildings on King Street in Waterloo Attention: Business/Financial Editor, Food/Beverage Editor, Media Editor, News Editor WATERLOO, ONTARIO--(CCNMatthews - Oct. 4, 2005) - Laurence Development LP, a diversified real estate development company headquartered in Waterloo, Ontario Canada today announced the signing of a definitive agreement with Vincenzo's to occupy approximately 17,500 sq. ft. on the main level of Bauer Building "C" located at the corner of Caroline and Allen Streets.

Vincenzo's was founded almost 4 decades ago by Vincenzo and Rita Caccioppoli in their home on Bridgeport Road and is now located in approximately 4,000 sq. ft. on Belmont Street and is currently operated by their two sons Tony and Carmine Caccioppoli. Their existing location is "bursting at the seams" and this move will meet their needs for extra space. Vincenzo's is a wildly popular specialty food retailer known locally for having the best selection of olive oil, balsamic vinegar, pasta, olives, cheese and other Mediterranean specialties along with many of their own homemade products. The new location will be within walking distance from Belmont Village and is on the Iron Horse Trail.

The new Vincenzo's store will be situated at the corner of Caroline and Allen Streets and will anchor the new food market place which is an integral part of The Bauer Buildings concept. Vincenzo's will be issuing a separate release and will be featured in a November editorial whereby additional details will be provided.

"We are ecstatic that Tony and Carmine have chosen the Bauer Buildings site as the place to establish their new store. We cannot wait to see the expressions on the faces of their customers when they visit them on opening day in 2007", said Peter Schwartz, President Laurence Development LP.

"We are very excited about what the Bauer Buildings development has done for Waterloo and we couldn't be more pleased about bringing our business to this outstanding location. The concept of a mixed-use development such as this one is exactly what Waterloo needs and will be perfect for our new store", said Carmine Caccioppoli, Vincenzo's.
/For further information: Carmine & Tony Caccioppoli
Phone: 519-741-1437

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