New Leaf is Working on a Site!
We’ve had an exciting month with our New Leaf site development and have worked to keep you informed as the negotiations and agreements have come together. We are now working with the 900 Cedar Street property, the Bus Depot of Green Bay at 800 Cedar Street and three parcels owned by the City as the site for New Leaf Market and New Leaf Foods. We will be analyzing this site as a whole and working through contingencies.We have received some questions on how this site was chosen and how we plan to develop it.
It is quite an accomplishment to have found a site that meets the extensive list of criteria necessary to serve the needs of a grocery store. Take a look below at the site criteria list:
- Population density: within a 20 minute drive and
high density employment
- Parking capacity and configuration
- Located within a USDA designated food desert
- Trade area access: location on major street,
interchange, highway and bus line
- Egress/ingress: points of entry ease of
entry/exit, truck loading
- Site: orientation, expansion
opportunity, zoning, environmental issues, neighborhood
- Building: to accommodate desired square feet,
overhead door, outdoor seating area, appropriate ceiling height,
- Visibility and retail synergy
- Ability to house both New Leaf Market and New
Leaf Food’s events
- Financial: cost per sq. ft., lease and purchase
options, located in Tax Incremental Financing (TIF) district, and/or New Market
Tax Credit (NMTC) eligible.
One question that’s been asked is what will happen to the buildings presently on these sites? Greyhound, who is a tenant in the 800 Cedar Street building, has been in contact with Green Bay Metro as an option for relocation. The present analysis of the 900 Cedar Street building is that it is no longer structurally sound and has experienced significant water damage. Moving the structure would not be advisable given the condition of the brick structure, yet harvesting some of the unpainted brick and hardwood floors appears to be an option.
Your contribution as member/owners is the foundation of this project. Thank you for sharing the vision with us.
Please use the opportunity of our site announcement to invite people you know to also become a member/owner of New Leaf Market.