Hoping to join a wave of grocery co-op expansions in the Twin Cities, Eastside Food Co-op at 2551 Central Av. NE. in Minneapolis has purchased a building right next door.
The co-op, which is seeking to raise $1.5 million by June 30 to launch a $6 million expansion, last month succeeded in purchasing a vacant commercial-residential property just to the south of the store, situated between itself and the bustling Holy Land Deli. The contract-for-deed purchase of the Love Lines building was made for $425,000 on May 7.
Eastside Co-op Board President Manisha Nordine and General Manager Amy Fields said the plans include razing the building and replacing it with much-needed parking for an expanded Eastside Food Co-op.
"We were having a really hard time trying to figure out how to more than double our sales floor [from 4,150 to 9,600 square feet], get our 65-foot trucks on the lot and still have adequate parking," Fields said. "We kept trying to fit everything together, and then that site became available. It was almost like a miracle."
Fundraising for the project continues with appeals to co-op members and others for stock purchases and/or interest-yielding loans. About 21 percent of the goal had been reached by Monday. If successful, the Eastside project would add to a spurt of food co-op expansions across the Twin Cities that are capitalizing on the growing consumer and lifestyle trends of demanding locally sourced, organically grown food.
For instance, Lakewinds Food Co-op is readying for the opening this month of a new store at Richfield's Lyndale Gardens; the Wedge Community Co-op is renovating a former Asian supermarket on Nicollet Avenue into a commercial kitchen and cafe; and Seward Community Co-op is set to hold a groundbreaking next month for its new Friendship Store on E. 38th Street in Minneapolis.
Along Central Avenue, the hoped-for expansion of the Eastside Co-op would add to a mini-redevelopment boom in the corridor, which a decade ago was dominated by forlorn, deteriorating storefronts.
Near the key intersection with Lowry Avenue, momentum first generated by the success of Holy Land has continued with the efforts of the NorthEast Investment Cooperative to transform a vacant commercial building at 2504 Central Av. NE. After Recovery Bike Shop landed there as an anchor last year, Aki's Bread Haus opened last month with the Fair State Brewing Cooperative and taproom to follow this summer.