Tuesday, May 7, 2013

What Do Grocery Stores Have to Do with Condo Sales?

Time Warner Center and Whole Foods Market NY, NY

Apparently, grocery stores and condos go hand in hand. Makes sense right? This is the hottest 
amenity fueling condo sales.  Recently, in South Boston, Foodie's market had opened and even more recently Bee's Knees Supply Company has opened at 12 Farnsworth Street in the Fort Point Channel area of South Boston.  What I find so interesting is that many buyers later have told me specifically that they want to live near Foodie's not a specific gym or restaurant but the convenience of a grocery store is very important to them. Makes sense right? Isn't this what condo and city living is all about? Convenience?
Pairing food retail with residences is not a new idea. But Robert J. Bond, president of Bond Companies, a professional real estate and investment services company with offices in Chicago and Los Angeles, says that there’s been a shift in the approach. “In the past, a food store might have been an afterthought. Now, the shop-at-home experience is a starting point.”
(Source Forbes)

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