Supermarket, Shopping Center to Northeast Philly After $12.5 Million in Tax Credits
The Wissinoming neighborhood of Northeast Philadelphia is getting a new $29 million shopping center that will include a ShopRite supermarket and space for retail stores and restaurants, according to Gov. Tom Wolf’s office.
Called the Shoppes at Wissinoming, the 110,000-square-foot project at Harbison Avenue and Tulip Streets is being helped along by $14.5 million in new markets tax credit financing as well as a $5.5 million tax credit from the Philadelphia Industrial Development Corp. and a $2 million equity investment from Chase.
Commonwealth Cornerstone Group will use the funding to provide the gap financing to remediate several environmental concerns, remove some blighted buildings and build the new facility.
The Shoppes at Wissinoming will also create plenty of jobs. During the 18-month construction period, it’s expected to support 250 full-time jobs, Wolf’s office said. Once built and fully occupied, it’ll create 300 permanent, full-time jobs with 200 of them working at ShopRite.
Wolf’s office says that ShopRite will “bring fresh food and produce to an area with little access to full-service supermarkets.” It’ll also offer a full-service pharmacy, store dietitian and a community room for local organizations to host events and meetings.
“This new shopping center will not only stimulate job creation and more investment, but it will directly touch the lives of local residents by giving them more healthful food options not currently available,” said Wolf in a statement.
In other grocery store news, Fresh Grocer may be opening at the previous Pathmark location in Grays Ferry. That’s according to the Grays Ferry Civic Association’s Facebook page.
“At this time the new owners goal is to have renovations complete and hope to have the store open before Easter,” it says. A company spokesperson, however, said it’s not one of the sites the company purchased as part of the A&P bankruptcy and is not on its list of new stores.
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