Whole Foods announces store in South Lake Tahoe
According to a recent news release, Whole Foods Market announced, along with its fourth quarter earnings, that it signed leases for two California stories and one Virginia store — one of them being in South Lake Tahoe.
“We’re excited to bring our 365 by Whole Foods Market stores to more communities,” said Jeff Turnas, president of 365 by Whole Foods Market, in a news release. “Shoppers continue to look for convenient, high-quality grocery shopping experiences and we think that shoppers across the country will love this new store format.”
The location of the store, and timing, is not yet known.
The news release noted that, “There are currently 19 store leases in development.
“365 by Whole Foods Market stores provide a streamlined, quality-meets-value shopping experience. The stores feature a curated mix of products that adhere to the Whole Foods Market’s industry-leading quality standards in an environment that’s enjoyable and convenient for shoppers.”
According to an August Tribune story, the City of South Lake Tahoe aimed to purchase the Knights Inn and Mo’s Place on Lake Tahoe Boulevard, at the corner of Ski Run Boulevard, for $6 million — after entering into a purchase agreement with owner Pradip Patel this past February.
“The city worked with Halferty Development Company on plans for redevelopment of the area,” the story said. “This included new commercial additions, like a Whole Foods Market, and the restoration of a Stream Environment Zone (SEZ), Lake Tahoe’s natural water filter, which would reportedly capture 11,000 lbs of sediment that is currently going into the lake through a culvert.”
The deal hit a funding hitch, however, when California Tahoe Conservancy expressed concern over expected environmental benefits of the redevelopment project.
City of South Lake Tahoe city manager Nancy Kerry told the Tribune in August that she is still “confident that this will work out.”
To learn more about 365 by Whole Foods Market stories, visit http://www.365bywfm.com.
This story will be updated as information becomes available.
The valley’s commercial and residential property markets are similar in some ways — availability is tight and nothing is what you’d call “cheap.”