Thursday, October 10, 2013

Urban Renaissance Reaching Critical Mass: A Whole Foods In Newark

Whole Foods has signed a lease for a 29,000-square-foot outlet in the former Hahne & Co. department store building in Newark. The formal announcement is expected tomorrow afternoon, a spokesman confirmed.

The Hahne building is a beautiful structure that has been well preserved in its senescence.  I remember it well from my law school tenure in the early aughts.  The university presence is large and growing.  Factor in Newark's incredibly good transit network connections, and you have a recipe for tremendous growth.  I think Whole Foods is making a good bet.

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