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Real Estate Developers Crave Whole Foods

Thursday, October 13, 2005 posted by Tommi Crow

Whole Foods Market, a success story in the stagnant, grocery industry, has real estate developers salivating. Whole Foods and its wide array of organic and delectable pershables, are a natural fit for buyers of high-end, urban apartment and condo projects.

Although grocery stores have always had a necessary and important role in making a neighborhood, 5 star, gourmet Whole Foods adds value and prestige to the neighborhoods it selects for new store locations. Developers have learned that joining efforts with Whole Foods differentiates their development in a very positive, translate profitable, way.

Developers say their target customer, (ie: money, single or childless couple) is the same customer that shops at Whole Foods. Their residents do not mind spending more money for quality and convenience. This makes an onsite Whole Foods Market a top ammenity, when marketing their properties.

Whole Foods and urban, high end projects have proven they are a mutually beneficial for each other. One of the first apartment projects in San Francisco to bring in Whole Foods saw occupany spike up and never look back. Whole Foods not only drew traffic to the area, but actually set a progressive tone to the entire identity of the neighborhood.

According to www.wholefoodsmarket.com, if a devloper has a retail location they think would make a good site for Whole Foods Market, Inc., please review the following guidelines carefully for consideration:
*200,000 people or more in a 20 minute drive time
*40,000–75,000 Square Feet
*Large number of college-educated residents
*Abundant parking available for our exclusive use
*Stand alone preferred, would consider complimentary co-tenancy
*Easy access from roadways, lighted intersection
*Excellent visibility, directly off of the street
*Must be located in a high traffic area (foot and/or vehicle)

If your project fits or exceeds the profile, prepare to feast on the win-win situation that separates you from every other apartment in town. Bon Appetite