A rendering of the soon-to-be-rehabilitated Hahne & Co. building in dowtown Newark. — Courtesy: JLL
By Real Estate NJ
A new Whole Foods store, the retail centerpiece of a project to revitalize the historic Hahne & Co. building in downtown Newark, is expected to open within just a few months.
That’s according to a report Tuesday by NJ Advance Media. A spokesman for the high-end grocer told the publication that the 30,000-square-foot store will be open in late winter of 2017, with the shell having been completed and the shelving and refrigeration units expected to be installed soon.
The spokesman said the Broad Street store will serve professionals who commute to the city but also local residents, as the company works with Newark officials to support local hiring for more than 100 jobs and offer grants for nonprofits.
Whole Foods has been the focal point of the rehabilitation since it was announced in 2013, but it’s just one piece of the project led by L+M Development Partners and other investors. The new Hahne’s building is also slated to house a Rutgers University arts facility, City National Bank’s headquarters, 160 mixed-income apartments and a mixed of other office and retail space.
For more, see Tuesday’s story by NJ Advance Media.
More New Jersey real estate headlines
John Palmieri steps down as CRDA leader (The Press of Atlantic City)
Near A.C. Gateway, property values, moods improve — at least for some (The Press of Atlantic City)
Montclair planning board approves Vestry, raises concerns about Warner building (Baristanet)
Union City Development Ramps Up With Slate of New Projects (Jersey Digs)
MGM CEO says expansion around A.C.’s Borgata a possibility (Philadelphia Business Journal)
Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.
