HCI CEO confident in prospects for what was going to be a Lucky’s in Clearwater
January 30, 2020 - The CEO of the company that owns the Clearwater property slated to become a Lucky's Market before the grocery chain went bankrupt is confident in his prospects for the site. The property, at 2170 Gulf to Bay, has one of the highest traffic counts in Pinellas County. "Something else will come along," Paresh Patel, chairman and CEO of HCI Group Inc. (NYSE: HCI) told the St. Pete Catalyst. HCI subsidiary Greenleaf Capital owns the property, which was being developed as a Lucky's Market before Lucky's said last week it would close 32 of its 39 stores in 10 states, including a store at Tyrone Square in St. Petersburg. Lucky's has asset purchase agreements for 11 Florida stores with Aldi's and Publix Super Markets. The Clearwater property likely won't become a Publix, because there's already a Publix across the street, Patel said.