Whole Foods Coming to East 57th Street, Manhattan

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Real Estate Agent with Halstead Property, LLC

After a major budget cut, and a reduction in size of a Whole Foods Market slated for East 57th Street, the city and the World-Wide Group cut the ribbon on a $500 million, 900,000-square-foot mixed-use development as reported by The Real Deal.

The project which was initiated in 2008, fell apart when the economy turned bad.

Then World-Wide and the New York City Educational Construction Fund regrouped, slashing the budget by $100 million, reducing the size of Whole Foods space and cut the amount of excavation required by 30 feet through the redesign of the entire retail space and the space for two schools.

New York City Schools Chancellor Joel Klein told the Real Deal that "The partnership between ECF and the World-Wide Group, is ECF's largest ever, and is a model for how the public and private sectors can work together to help our communities."

The development at 250 East 57th Street will roll out in two phases.

Read more of the story here

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Rainmaker
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Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Ross~  I would be so excited if a Whole Foods would come to the Owensboro, Ky area!!

Jun 09, 2010 11:41 AM #1
Rainmaker
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Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

that a great place, I am a cook at heart and Whole Foods is one of my favorites

Jun 09, 2010 11:42 AM #2
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Rainmaker
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Ross Ellis

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