There’s a new destination on NE Broadway: New Seasons is coming to NE 32nd Avenue adjacent to I-84. This will be an interesting place to build in adequate and safe bike access. The bike boulevard on NE Tillamook is just a few blocks north; and the intersections of NE Broadway and 32nd/33rd aren’t exactly the most pleasant places to ride. Hopefully the new store will come with some surface street improvements, because you know a ton of people will be biking to the new store.
New Seasons Market Announces Plans to Anchor Grant Park Village
The local grocer’s commitment helps jump-start the revitalization of the reclaimed brownfield.
PORTLAND, Ore. – September 19, 2012 – Locally owned and operated New Seasons Market today announced that it will open a neighborhood grocery store at Northeast Broadway and 32rd Avenue in the planned Grant Park Village, a new mixed-use project being developed by Portland-based Capstone Partners LLC. The vibrant 34,500 square foot store will serve as the anchor retail tenant and will be part of the project’s first phase, which also includes apartment units and structured parking.
“With each new store we have an opportunity to further build our regional food economy, create new jobs with great healthcare benefits and enhance our community partnerships,” said Lisa Sedlar, President and CEO of New Seasons Market. “This is an ideal site for us, as it sits at the intersection of great neighborhoods, schools, parks, bike routes and transit, and it will be a perfect complement to our Concordia and Hawthorne stores.”
Slated to open in the fall of 2014, this store will bring approximately 150 new jobs to the area, with New Seasons Market recruiting from the immediate community for local, friendly staff who know and understand the neighborhood best. The company will also use the coming months to design a store that is tailored to this community. Neighbors can count on aisles stocked with everyday staples and specialty items, with more than one-third of New Seasons Market’s products sourced from Northwest farmers, food producers and entrepreneurs. An ever-changing selection of entrées and side dishes cooked from scratch by an in-store chef will provide easy meal solutions inspired by the season’s freshest ingredients. Homemade soups, Farm Plate Specials, a made-to-order stir-fry station, a full deli, and a self-serve salad bar make New Seasons Market a healthy and convenient resource for busy families.
“We’re delighted to welcome New Seasons Market to Grant Park Village. We believe their presence will help catalyze this key location, which stands at the gateway to historic neighborhoods in every direction and the Broadway retail corridor. Our vision for the project is a lively, mixed-use urban village that recalls and honors its century-long industrial heritage,” said Jeff Sackett, a principal with Capstone Partners LLC.
About New Seasons Market
Founded by three Northwest families more than 12 years ago, New Seasons Market is proud to be home grown and locally owned and operated. With more than 2,300 employees and 12 stores throughout the Portland-Vancouver area, New Seasons Market is also one of the region’s largest private employers and was recently rated one of Oregon’s Top 100 Companies to Work For by Oregon Business Magazine.
Giving back to the community is a core value and part of New Season Market’s culture, demonstrated by the company’s commitment to giving 10 percent of its after-tax profits to hundreds of nonprofit organizations that work to end hunger, educate youth and protect the environment. In 2011 alone, the company donated to over 800 local nonprofits and community organizations.
About Capstone Partners LLC
Capstone Partners LLC (www.capstone-partners.com) was founded in 2002 as a real estate development, investment, and advisory firm with offices in Portland and Seattle and a geographic focus on those markets. Capstone specializes in retail, multi-family, office, medical and industrial property types. Capstone principals are deeply committed to community service in the local Portland area.
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