Durham Central Market eyes vacant lot for store | Food
Food
INDY Week's food blog

Archives | RSS

Monday, May 17, 2010

Durham Central Market eyes vacant lot for store

Posted by on Mon, May 17, 2010 at 3:59 PM

Picture_3.png
Durham Central Market announced today that it acquired an option to purchase a vacant lot for a new cooperatively owned grocery store at the southwest corner of Mangum and Broadway streets. The area is about two blocks north of Public Hardware and three blocks east of the Farmers' Market just north of downtown.

The New York City-based TTP V, LLC, owns the property and 10 other lots in the area. According to county property records and maps, the assessed value of the .13-acre lot is about $30,000.

Under the terms of the contract, Durham Central Market can purchase the acreage for a specific price that is guaranteed for the next 12 months, according to market spokesman Don Moffitt. He declined to disclose details on the price or sale of the property.

Durham Central Market organizers have launched the financing phase—contacting lenders and bankers—to pay for the construction of the 10,000-square-foot store, due to open in 2011.

The nearest grocery stores are Red & White and Compare, which are north of Interstate 85. "We do think it's an area that's underserved and needs a store," Moffitt said.

About 600 people own shares in the Durham Central Park cooperative, which continues to sell them.

Tags: , ,

Pin It

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in Food



Twitter Activity

Comments

Thanks for publishing the recipe! I made it for an office lunch this week. It smells wonderful as it is …

by chuck02 on Make This: Ashley Christensen's Homegrown Tomato Pie with Buttermilk Cheddar and Horseradish (Food)

Where do yall find buttermilk cheddar?

by David Glover on Make This: Ashley Christensen's Homegrown Tomato Pie with Buttermilk Cheddar and Horseradish (Food)

Most Read

Most Recent Comments

Thanks for publishing the recipe! I made it for an office lunch this week. It smells wonderful as it is …

by chuck02 on Make This: Ashley Christensen's Homegrown Tomato Pie with Buttermilk Cheddar and Horseradish (Food)

Where do yall find buttermilk cheddar?

by David Glover on Make This: Ashley Christensen's Homegrown Tomato Pie with Buttermilk Cheddar and Horseradish (Food)

Deliciously written, Sharon. I want some of that chicken right now!

by Bernie Bro Brown on Amuse-Bouche: Viva Chicken Lands in Raleigh with Its Signature Pollo a la Brasa (Food)

Sounds terrific, Sharon! Thanks for the review. Gonna check it out next time we are over that way. …

by Mary Susan Klein on Amuse-Bouche: Viva Chicken Lands in Raleigh with Its Signature Pollo a la Brasa (Food)

I was just looking for a tomato pie last night. Didn't see what I was looking for; I didn't want …

by momsequitur on Make This: Ashley Christensen's Homegrown Tomato Pie with Buttermilk Cheddar and Horseradish (Food)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation