Key Food Sees Urban Market as Prototype

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Opening in the South Williamsburg district of Brooklyn, Urban Market will be the neighborhood’s largest full-service grocery store in an area that has faced historically low access to healthy fresh food. LIIF provided a $1.5 million loan and $150,000 grant through the New York Healthy Food and Healthy Communities (HFHC) Fund to support the fit-out of Urban Market’s new 16,000-square-foot building that will offer traditional grocery and household products, as well as local and specialty items.

The $30 million HFHC Fund, administered by LIIF, provides financing to expand healthy food access in underserved communities throughout New York State and is capitalized by the Goldman Sachs Urban Investment Group and Empire State Development.

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Source: Supermarket News