Since announcing the co-op’s plans to build a third store on East 7th Street in December 2013, Mississippi Market staff and member-owners have been busy preparing the co-op to take important next steps. Building a store requires plenty of “behind the scenes” work, but we want you to know what’s happening!
- Our member loan campaign was a big success! Member-owners have invested nearly $1.8 million in the new store.
- We have completed our Phase I Environmental testing, and conducted the follow up testing that was indicated. The remediation efforts that were started on the property back in 2007 were incomplete and there is further remediation for us to tackle. We have submitted an application to the MET Council for special grant funding targeting environmental cleanup needs.
- We have conducted preliminary geotechnical tests and have scheduled a follow up to evaluate the soil conditions.
- We have had a pre-application hearing before the Historic Preservation Commission (HPC) to get feedback on our design. We have incorporated the feedback and expect to go back before the HPC in May.
- We have made progress with the City in hammering out the details of the agreement and hope to have it front of us to review the first week of April.
- We continue to work with Dominium, the housing developer who plans to construct senior housing adjacent to the site, and the City’s Planning, Economic and Development department, to address the issues that arise with the different development timelines.
- Our budget is increasing and our timeline is lengthening, as is common in complicated projects! At this point our goal is to get in the ground later this construction season and target July 2015 for an opening date.