Reinvestment Fund joined our ReFresh Partner, Hope Enterprise, to finance the rehabilitation and reconstruction of Robért’s Fresh Market, which has been closed for 11 years after sustaining damage during Hurricane Katrina. Located along the St. Claude corridor, the fullservice store will include a variety of fresh and perishable departments.
Since 2014, Reinvestment Fund has been working with cities and organizations around the country to accelerate the creation of new healthy food options in underserved communities. This partnership, called ReFresh (https://www.reinvestment.com/initiatives/refresh/), has led to the creation of new data tools and market reports designed to help communities target healthy food investments. The most popular of these is the Limited Supermarket Access (LSA) analysis, which identifies areas with inequitable and inadequate access to food retail. Related to the LSA is our leakage analysis which estimates the financial capacity of an area and its residents to support a new or expanded supermarket.
Reinvestment Fund today announced the grand opening of the new 114,000 square-foot Glenwood Kroger Marketplace located just across from Maynard Jackson High school at 800 Glenwood Avenue in Atlanta, GA. Reinvestment Fund provided New Markets Tax Credit (NMTC) financing for the Kroger’s Marketplace concept store which is distinctive from its other grocery stores because in addition to a full-service grocery, a pharmacy, and health and beauty departments, it also includes a health clinic, general merchandise such as home goods, apparel, and jewelry, and a fuel station.
Located in a USDA food desert and a Reinvestment Fund-designated limited supermarket access (LSA) area, the new store will provide shoppers with access to more healthy and affordable food options for an estimated 43,000 people living within two miles of the store and who currently do not have easy access to a supermarket.