Life, food, events, and community in Albuquerque, NM
Grocery Store Coming to EDo?
From the recent Edo News & Views:
Grocery Store Coming to EDo?
There is no more frequent question we hear.
A neighbor put it this way - "it takes a neighborhood grocery to create a real neighborhood." We agree.
If those of us living and working in EDo want a neighborhood grocery, we are going to have to do one for ourselves. Almost 6 years after the EDo Master Plan was created in a 5-day charrette, no outside or local companies have stepped up to do this.
For the past month, a group of EDo residents have been working diligently to write a business and financial plan for The Daily Market, to be located in the vacant space at 401 Central NE, between Chez D'Or Salon and EDo Spaces.
The 1,950-square-foot store would be a full-service grocery with prepared foods and deli items, plus a coffee and wine bar. The marketing tag line proposed for the store is "Fresh · Affordable · Friendly." Our goal is to be as local and organic as possible, and yet attract a broad range of customers from all over town.
The initial goals of the business plan are to:
1. Attract a solid management team to run the store.
2. Attract $50,000 in cash equity from 10 neighborhood residents or businesses, as a "down payment" on the $250,000 needed to open.
After these two goals are met, we will work diligently to secure the remaining $200,000 of funding and build the store.
If you want to get involved in making The Daily Market a reality for your neighborhood, please e-mail Info@DailyMarket.com."
What'cha think?
Grocery Store Coming to EDo?
There is no more frequent question we hear.
A neighbor put it this way - "it takes a neighborhood grocery to create a real neighborhood." We agree.
If those of us living and working in EDo want a neighborhood grocery, we are going to have to do one for ourselves. Almost 6 years after the EDo Master Plan was created in a 5-day charrette, no outside or local companies have stepped up to do this.
For the past month, a group of EDo residents have been working diligently to write a business and financial plan for The Daily Market, to be located in the vacant space at 401 Central NE, between Chez D'Or Salon and EDo Spaces.
The 1,950-square-foot store would be a full-service grocery with prepared foods and deli items, plus a coffee and wine bar. The marketing tag line proposed for the store is "Fresh · Affordable · Friendly." Our goal is to be as local and organic as possible, and yet attract a broad range of customers from all over town.
The initial goals of the business plan are to:
1. Attract a solid management team to run the store.
2. Attract $50,000 in cash equity from 10 neighborhood residents or businesses, as a "down payment" on the $250,000 needed to open.
After these two goals are met, we will work diligently to secure the remaining $200,000 of funding and build the store.
If you want to get involved in making The Daily Market a reality for your neighborhood, please e-mail Info@DailyMarket.com."
What'cha think?
Replies to This Discussion
-
Permalink Reply by SteveJ on -
Hi Zoe,
I think this is a great idea. I have a couple of questions about the investment. How will the additional $200k be raised? Do you mean by traditional financing? With equity investments the initial investors are often on the hook for more money as the business needs it. Will this be the case in this investment?
Another possibility is a traditional cooperative approach where members all pay for membership in the store, and then elect a board to run the enterprise.
-
Permalink Reply by Zoe on -
Hey Steve,
This info was part of a newsletter sent to EDO residents. I'm not involved in the project myself although I certainly would like to see it succeed. Perhaps the folks at Info@DailyMarket.com could answer your questions.
-
Permalink Reply by Mesa 40 on -
The developer is trying to remove the residential parking around this store by putting a 2 hour time limit on the streets near the store WITHOUT giving residents parking permits. It seems the only way that they can make this store work is to clear out the pesky residents at ABQ High and surrounding condos who want to park where they live. I LOVE the idea of a grocery store, but driving the residents away is not a good solution.
-
Permalink Reply by Temora Lopez on
-
Not to be rude, but if somebody needs a parking space that badly in front of their home, why don't they move to the west side or heights and get a driveway. Also, does the developer really have power to keep residents from getting a permit? That seems to be a City issue that an individual could negotiate if they had to have it.
I was in the EDO area this weekend eating at the Grove. I really wish the area would attract more businesses. There are vacant buildings and lots that could be used for a grocery store or whatever to make it a more viable place to live. Also, It seems logical to designate some parking in the area as two hour parking for customers.
Groups
-
Chow Down in Burque Town
584 members
-
Art in ABQ
370 members
-
Urban Farmers
304 members
-
Living Green
287 members
-
Albucooking
266 members
© 2009 Created by chantal
