Hobby Lobby plans to open a new 50,000-square-foot store in early next month in Coralwood Mall, located off Del Prado Boulevard near Veterans Parkway and the Midpoint Memorial Bridge, in Cape Coral. The national crafter and home décor retail chain will occupy the space where JC Penney was at the shopping center that a development group purchased in December for $36.1 million. Hobby Lobby has 53 locations in Florida.