GRAND JUNCTION, Colo. (FOX) – The grocery store located off rood Ave. and First St. has been unoccupied since 2019.
Members of the Grand Junction City Council have considered several proposals for new occupants, but have now found one that also meets the needs of the community.
The previous city market grocery store was closed by the corporation due to declining revenue. The building last sold for $3.6 million in 1990 and is about 60,000SF.
With a building that size and with an ideal location within the city, councilmembers want the building to be repurposed to provide a valuable resource to residents.
The proposed new buyer, The Junction, is looking to rebuild and start a 256 unit housing project.
City Council members are looking to assist the new project by pursuing a $3 million grant.
Chuck McDaniel, SOT
“We also talked about making an application to DOLA the department of local affiars, theres some grant money available for infield projects,” Chuck McDaniel, Grand Junction City Mayor says, “The old market is of course detreating and doesn’t make a good front door entrance for our city so we are interested in seeing that change.”
Affordable housing continues to be one of councilmembers top priorities. Mayor McDaniel says the overall project has a long way to go, but he’s excited about the buildings future.