Thursday, May 15, 2014

Whole Foods to relocate one of its Montgomery County stores

By Natalie Kostelni, Staff Writer for the Philadelphia Business Journal
Whole Foods plans to relocate its North Wales store down the road to Lower Gwynedd.
The grocer has leased 45,000 square feet at the Springhouse Village Shopping Center at 1111 Bethlehem Pike.
The 150,282-square-foot retail center is owned by Stoltz Real Estate of Bala Cynwyd, Pa. It was built in 1972 and shows its age. It also took a hit when a Clemens grocery store vacated a few years ago. The new Whole Foods will anchor the center, of which a portion will be redeveloped.
Whole Foods is targeting to open the new store by late 2015.
The strong demographics of the site make it a good bet for Whole Foods. Average household income within a mile of the center is $185,548 and within three miles, average household income totals $136,334.

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