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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