The Market at Hartford 21
#1
Posted 11 January 2011 - 07:36 AM
#2
Posted 11 January 2011 - 12:11 PM
8000SF+ in the space allready built out by northland for 2 mill
the city is loaning 300k that the operator will begin paying back after year 3, in the form of 2.5% of gross profit to a maximum of the 300k
so basically, if the place never makes money, the 300k is a loss, but if it makes money, this city will start to siphon it off from year 4 thru year 10
seems fair to me. since it comes with 60 jobs(and their tax contributions), its much needed service, and I am sure decent tax revenues for the city due to the average grocery sales volume.(ok so maybe just tax on the non perishables, and on prepared food)
one thing I do not really buy is that it will bring more people down town. we need more housing units for there to be any more people downtown. well maybe a few more people will stay and it MIGHT help put some development pressure on downtown, I am not convinced that its as big of a deal as people make it out to be...... that being said, I hope I am wrong, and some new housing gets announced ASAP, since we desperately need another 1000 units for downtown to really get going
#3
Posted 11 January 2011 - 12:19 PM
#4
Posted 11 January 2011 - 10:58 PM
The Voice of Reason, on 11 January 2011 - 12:11 PM, said:
8000SF+ in the space allready built out by northland for 2 mill
the city is loaning 300k that the operator will begin paying back after year 3, in the form of 2.5% of gross profit to a maximum of the 300k
so basically, if the place never makes money, the 300k is a loss, but if it makes money, this city will start to siphon it off from year 4 thru year 10
seems fair to me. since it comes with 60 jobs(and their tax contributions), its much needed service, and I am sure decent tax revenues for the city due to the average grocery sales volume.(ok so maybe just tax on the non perishables, and on prepared food)
one thing I do not really buy is that it will bring more people down town. we need more housing units for there to be any more people downtown. well maybe a few more people will stay and it MIGHT help put some development pressure on downtown, I am not convinced that its as big of a deal as people make it out to be...... that being said, I hope I am wrong, and some new housing gets announced ASAP, since we desperately need another 1000 units for downtown to really get going
#5
Posted 12 January 2011 - 04:17 PM
obviously if any developer has a waiting list he is more likely to build or convert something new rather than if he had 90-95% occupancy.
so, good point.
#6
Posted 21 February 2011 - 04:45 PM
Hartford Courant
They'll offer a full range of baked goods, meats, fish, noodles, fresh pasta, salads, sushi, soups, produce, flowers and greeting cards. Pizza will be sold at one station, kept warm on a heated stone. Kiosks will dispense cereals, nuts and dried fruit as well as whole bean coffee.
The couple isn't bothered by the smaller Al's Market, a neighborhood grocer that opened across Asylum Street last summer. The two stores will serve different needs, but work well together, the Joneses said.
For instance, Al's sells lottery tickets and cigarettes, and the Market at Hartford 21 won't, they said.


#7
Posted 09 March 2011 - 11:32 AM
Many eyes will be on this store. It is in many ways the barometer for downtown as a neighborhood. It's success or failure will tell much.
#8
Posted 09 March 2011 - 01:04 PM
if it does well it is because the lunch crowd eating the prepared meals is strong enough to help support the Grocery side as the downtown population continues to grow.
Ideally, by its opening it will increase interest in living downtown enough that several new projects are developed and opened downtown therefore further guaranteeing its success.
(think clarion 180 units, 111 Pearl, 60 units, 101 pearl 130 units, and 2 other random projects....)
if its existance helps being that kind of development downtown, it is worth subsidizing for another 20 years.
its financial success is just one part of the bigger picture in my opinion, but at the very least, i am extremely thankful for everyones efforts in making it happen... even just so we can see what results.
I for one am Praying for development pressure stronger than... Parking revenues
#9
Posted 09 March 2011 - 01:10 PM
But anyway you look at it, they are ahead of schedule, originally they were suppose to open in the spring. Nice to see a project moving ahead of schedule for a change.
#10
Posted 09 March 2011 - 01:19 PM
beerbeer, on 09 March 2011 - 01:10 PM, said:
But anyway you look at it, they are ahead of schedule, originally they were suppose to open in the spring. Nice to see a project moving ahead of schedule for a change.
yeah totally agree there.
The owners seem psyched, and based on that meeting they had at Zula, the community is damn interested
#11
Posted 15 March 2011 - 11:45 AM
The store's owners, Simsbury restaurateurs Ryan and Kelleanne Jones, say they expect at least 500 people at the noontime grand opening. The Market will be open for business immediately following the ceremony, which will be attended by Hartford Mayor Pedro Segarra along with representatives from Northland Investment Corp., and the Hartford Community Loan Fund.
And the Joneses are hoping Wednesday will be just the start of their new business venture adding to the vibrancy of downtown Hartford.
"We want to fill a much needed void for downtown," said Kelleanne Jones. "The city needs a grocery store and a place where you can buy prepared foods."
The Joneses said they have hired about 90-partime workers for the store, which will be open from 7 a.m. to 7 p.m. during the week and from 8 a.m. to 6 p.m. on weekends.
Besides offering regular, everyday grocery store items like ketchup, mustard, pasta sauce and cereal, prepared foods will be a major selling point. That will include things like a full service deli, salad and sushi bar, and rotisserie with a butcher serving fresh meats like short ribs, steak, and chicken.
Kelleanne Jones said the store aims to serve the needs of downtown residents, but the goal is to reach people living outside the central business district as well. That includes people from neighboring cities and towns.
"We are hoping this store increases foot traffic for downtown," Kelleanne Jones said. Part of the effort to attract people to the store will include establishing a social connection with customers, Jones said. So the store will host farmer's markets and will include art by local artists.
Edited by beerbeer, 15 March 2011 - 11:46 AM.
#12
Posted 16 March 2011 - 11:03 AM
Hartford Courant
With the opening, Hartford beats downtown New Haven, which had its own downtown market plan in a luxury building delayed.

#13
Posted 16 March 2011 - 11:04 AM
#14
Posted 16 March 2011 - 11:11 AM
MadVlad, on 16 March 2011 - 11:04 AM, said:
I really have a feeling that this is going to work out OK and prove a lot of naysayers wrong. The comments on the Courant are hilarious to me. Pointing out that the city did provide a subsidy for them to open and wondering how the owner of Al's Market feels and saying they are going to fail and only ghetto people will shop there. I think that Downtown will easily support this new store and have no worries that Al's Market, which is a convenience store not a grocery store, will have no trouble competing since they will be open late night and handle just basic quick shopping needs while the Market @H21 is an actual full service grocery store.
#15
Posted 16 March 2011 - 02:16 PM
#16
Posted 16 March 2011 - 05:01 PM
Boarders is in bankruptcy and is closing in Manchester and Simsbury.
The location in Farmington near the mall is staying, but a location downtown would still face fierce competition
I dont know any other chains besides B Dalton and they do not exist any more, but there has to be one that would open downtown. Heck a college bookstore type combo would work too. serve all the campuses and also do regular books
#17
Posted 17 March 2011 - 07:45 AM
#18
Posted 17 March 2011 - 09:19 AM
beerbeer, on 17 March 2011 - 07:45 AM, said:
Cosi seemed to dominate that business downtown.
I know they did ING and UTX
but I do totally agree that their business is less as a grocery and more as a lunch place. I have no issue with this possibly huarting some other businesses if it means the grocery store can exist and that they make it a better place to live.
most downtown lunch competition is chain locations anyways, and ideally with a successfull market, we will get residential development pressure that will lead to at the bare minimum of
101 pearl, 111 pearl, and Clarion being developed into residential creating further demand for the grocery side of the business. it becomes a self fullfilling prophecy ideally.
Mind you 370 studio apts would go incredibly far in improving the vitality of downtown and demand for Grocery products, but it wouold be no where near enough to make it work without lunch. I would think downtown would need a few thousand more units in the core as well as immediate perifery of downtown to really utilize a traditional supermarket.
do they have a grill there for eggs and such?
If they make a good breakfast sandwich, and good coffee, and fresh decent bagles, they will do well for breakfast.
sadly the best breakfast downtown is in the cafeteria in the candycane building. but the coffee sucks
the place that was in state house square used to be damn good. forgot what they were called, but it was good.
#19
Posted 17 March 2011 - 09:19 AM
#20
Posted 18 March 2011 - 07:39 AM
Edited by HartfordHope, 18 March 2011 - 07:39 AM.
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