- Project Name: Eastside Food Co-op Expansion
- Client: Eastside Food Co-op
- Landon Group Role: Secure financing; ensure financial closing; draw management
- Address: 2551 Central Avenue NE, Minneapolis
- Project Cost: $6.7 million
- Financing: New Market Tax Credit Equity; Loan from Self-Help; Subordinate loans from Local Initiatives Support Corporation (LISC) and the City of Minneapolis
- Project Size: 5,835 square feet expansion to existing store
- Contractor: Zeman Construction
- Architect: WCL Associates, Inc.
The Eastside Food Co-op (EFC) is a member-owned and operated, high quality, natural foods Cooperative. Since opening in 2003, EFC has seen unprecedented growth and is now expanding the store in order to continue serving the community.
The EFC expansion includes filling its existing building, which formerly had two other commercial tenants, and adding to the building. EFC has purchased two additional parcels to the south, one that was occupied by a dilapidated and vacant structure. The larger site allows for a more functional addition, potential expansion capabilities, and an ‘enhanced’ image along Central Avenue. EFC’s plans locate the most active and public business activities along Central Avenue, including the checkouts, entrance, coffee shop with seating, and a community room.
The new construction adds approximately 80 linear feet of storefront along Central Avenue plus significant bike parking. With the expansion, the building is a strong presence on Central Avenue. Fifty-seven percent of the proposed Central Avenue NE elevation will be windows. The placement of the building reinforces the street wall, facilitates pedestrian access, and maximizes natural surveillance.
With a groundbreaking ceremony on August 17, 2015, construction began on the property for the project expansion. This expansion has created more than 20 new jobs for the Co-op and was completed in early 2016.