We believe both urban and suburban areas should have the benefits of a modern supermarket. Partnering with Community Development Corporations can be an important component to achieve that development.
Eileen Scott
Chief Executive Officer
Pathmark Stores, Inc
 
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Pathmark

Pathmark Stores, Inc. is one of the nation’s leading supermarket retailers and operates in the densely populated New York-New Jersey, Philadelphia corridor. Pathmark has had a long-standing commitment to operating supermarkets in urban and suburban locations.

In 1979 Pathmark partnered with the Bed-Stuy Restoration Corporation to open a store in the Bed-Stuy section of Brooklyn. In a 1990 joint venture with the nonprofit developer New Community Corporation, Pathmark built a 44,000 square-foot store as the anchor for a new shopping center in Newark’s Central Ward, an area that had been without a supermarket for more than 10 years. These stores stock African-American and Hispanic specialty items and are the focal point of community development and pride.

More recently, Pathmark developed a relationship with the Local Initiatives Support Corporation (LISC), a national economic development intermediary, resulting in the opening of a Pathmark in Harlem in 1999. LISC was instrumental in matching Pathmark with the Abyssinian Baptist Church in Central Harlem that helped get the market built and is now leasing it back to the company. Most of the 250 jobs generated by the store have gone to local residents. In early 2004, Pathmark will open a store in the Crotona Park section of the Bronx developed by MBD, a local CDC.

According to The Changing Models of Inner City Grocery Retailing, a research report by the Initiative for a Competitive Inner City, New York’s inner city grocery retailers outperform the regional average by 39%.

For more information, please contact Harvey Gutman, Senior Vice President, Retail Development at (732) 499-4327.

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