Ram is ready to launch the final phase of its Midtown Detroit development with the recent announcement that it has signed a lease with Whole Foods Market, the world’s leading natural and organic foods supermarket, for its property on the northwest corner of Mack Avenue and John R Street in Detroit, MI. The initial phases of the development included the construction in partnership with Wayne State University of a 954-car parking structure on the north edge of the site and the later creation of the Ellington, a five-story building with lofts over retail facing Woodward Avenue.
When the 20,000 square foot Whole Foods Market opens in 2013, the store will offer residents a variety of competitively priced fresh fruits and vegetables, specialty items, high quality meats and seafood and everyday pantry staples. The store will reflect the company’s mission of supporting organic agriculture, local communities and the environment. Midtown Detroit is one of the few neighborhoods in Detroit where job growth is occurring, driven by large employers such as the Detroit Medical Center and Wayne State University. Whole Foods Market officials estimate it will add between 60-75 new jobs in the area.
As the landlord, Ram has undertaken to secure the permits and the financing necessary to develop the site and assist in the construction of the store so that it opens either late in 2012 or early 2013. “The redevelopment of Detroit has always relied on its ability to draw new residents to the City,” remarked Ram Chairman Peter Cummings. “Jobs are critical. An attractive array of well-priced housing is critical. But no single asset is more important to a neighborhood than a well-stocked and well-managed food store like a Whole Foods Market.”