Does a Whole Foods lead the way for gentrification of a neighborhood? Whole Foods plans to be the catalyst that transforms Englewood, one of Chicago’s rougher neighborhoods, and outside investors are on board. Via a partnership with the city of Chicago and locally-based DL3 Realty, Whole Foods will anchor a five-acre retail development in Englewood, a neighborhood is considered a food desert – an area that lacks grocery stores or access to fresh food.
- Chicago's Englewood neighborhood is a "food desert."
- At this new location Whole Foods will offer produce and other products at a lower price point than at its other stores.
- The project presented minimal lease-up or construction risk to investors.
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Inman Connect New York | January 29 - February 1, 2019