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Stimulus-Funded Stop & Shop Breaks Ground in NYC

Developers have broken ground for a new $23 million Stop & Shop supermarket that will anchor a new mixed-use community built on long-vacant land in Rockaway Beach in the borough of Queens.

Jon Springer, Executive Editor

November 4, 2009

1 Min Read
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JON SPRINGER

NEW YORK — Developers have broken ground for a new $23 million Stop & Shop supermarket that will anchor a new mixed-use community built on long-vacant land in Rockaway Beach in the borough of Queens.

The store will be part of the Averne By The Sea development and is financed in part by $5.5 million in tax-exempt bonds made available though the federal stimulus program, Gerry Romski, a project manager for developer Benjamin-Beechwood, told SN.

Once a vibrant waterfront community, Averne fell into decay in the 1950s and was designated as an Urban Renewal Project in 1964. The project is to include 2,300 units of housing and a new school, city officials said.

The 55,000-square-foot Stop & Shop will anchor retail offerings and is expected to open in 2011, Romski said.

“We are proud to be a part of the economic resurgence of this community with the construction of a supermarket that will combine the latest in customer services, energy conservation and consumer value under one roof,” Faith Weiner, a spokeswoman for Stop & Shop, Quincy, Mass., said in a statement.

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About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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