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Posted Jul 30, 2024, 5:49 AM
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Registered User
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Join Date: Dec 2019
Location: Albuquerque, NM
Posts: 635
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The local news media have been reporting that the former Walmart location on San Mateo and Zuni is under contract to be sold. The listing agents didn't have much to say about the possible sale and what may be coming for the structure. The city hasn't added much either, other than to say that it is not the buyer. This all makes me feel fairly uneasy and unsure, but hopefully something will get going there soon.
https://www.bizjournals.com/albuquer...foothills.html
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A building which previously housed a Walmart Supercenter near Albuquerque's International District is under contract.
The property is located at 301 San Mateo Blvd. SE. CBRE brokers Jim Dountas and Yoni Zvi declined to share further details regarding the listing.
The 206,270-square-foot building was first listed in May 2023, however, prior to that, the City of Albuquerque and New Mexico State officials announced plans to acquire resources to purchase and repurpose the property, according to a news release by the City.
"It is our understanding that the Walmart property is still listed for sale," Terry Brunner, director of the Albuquerque Metropolitan Redevelopment Agency, said in an email statement to Albuquerque Business First on July 25. "The city received approximately $2 million from the state Legislature to utilize in that area for redevelopment of properties like the Walmart. But at this time, that will not cover the full asking price of the property.”
Walmart officially closed shop at its 17.6-acre site on San Mateo Boulevard in March 2023, according to the City's news release.
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https://www.kob.com/new-mexico/board...nder-contract/
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ALBUQUERQUE, N.M. – For more than a year, residents in the International District, who used to rely on the Walmart off San Mateo for groceries, have had to search far and wide for fresh produce.
KOB’s 4 Investigates team highlighted the food desert this caused for people who no longer have easy access to healthy food. But there may be light at the end of this very dark tunnel for people living in the area.
We learned that the property is currently under contract. We don’t know what is going up in that space, but it’s giving people hope.
“There are people because of disability would walk here, and obviously they can’t walk here anymore. The next closest thing was the Walgreens, that is closed now,” said Enrique Cardiel, executive director of the city’s Health Equity Council.
Cardiel says this part of town is a food desert.
“It is just not convenient or easy for folks to get to fresh food. There are a lot of places where you can buy processed food, super sugar enhanced type of food. But not fresh fruits and vegetables, fresh meat, those kinds of things,” said Cardiel.
But not all hope is lost, according to a real estate website, the property is under contract.
“People would like there to definitely to be a grocery of what was lost before. A pharmacy, maybe banking services, those were things inside the Walmart that disappeared with Walmart,” Cardiel said.
It’s still unclear what could be moving into this lot. Cardiel hopes it’s something helpful to nearby residents.
“It’s just a huge impact, and it hurts folks with less resources or with disabilities much harder than it hits everybody else. It is a health equity issue in that regard,” said Cardiel.
KOB 4 reached out to City Councilor Nichole Rogers who represents this district. She issued this statement:
“Our teams are reaching out make connections with whoever is purchasing the Walmart property. Our goal is to work with the developer to ensure the communities needs are taken into consideration. We’re hoping for housing, a grocery store, childcare and maybe even a clinic with the pharmacy!”
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https://www.loopnet.com/property/301...5748609742010/
Unfortunately, it also was confirmed last week that the Downtown pharmacy will be moving to Uptown, at Winrock Town Center. I had hoped that the building permit that I came across last year for the tenant improvements for Albuquerque City Drug at Winrock would perhaps just be another location, but alas that wasn't the case. As part of its move they will be changing their name to FarmaKeio, to fully align with the pharmacy network that acquired them a couple of years ago.
https://downtownalbuquerquenews.com/
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Downtown core drugstore is relocating to Winrock
Albuquerque City Drug, one of the few pharmacies in Greater Downtown and the only one in the Downtown core, is moving to the Winrock Town Center in Uptown, according to a notice it has recently been distributing to customers.
The notice said the move "will happen in the mid-July to August timeframe" and that the new location would "better serve the needs of our patients."
It continued: "We are grateful for the support from our neighborhood patients and hope you will continue to use our pharmacy after the move either in person or with our delivery program."
The motive behind the move from the Imperial Building (Second and Silver) is not clear. The pharmacy didn't return messages seeking comment. As of Wednesday afternoon, it had yet to post news of the move, or a more expansive explanation, to either its website or Facebook page.
But whatever the reason, the departure looks to be a blow to the neighborhood.
"It's much like a grocery store. It's one of those basic pieces that's needed for people to live and not have to have a vehicle," ABQCore Neighborhood Association President Ken Sears said.
Albuquerque City Drug opened in 2017. As part of the move, it will also change its name to FarmaKeio.
Winrock Town Center has in recent months completed a park and artificial lake as part of broader redevelopment plans that include new office and retail space.
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https://www.linkedin.com/posts/albuq...84461824-9PMq/
Hopefully another pharmacy will eventually locate Downtown. I have high hopes for a CVS, just because there currently aren't any locations in and around the central area of the city. There's of course a Walgreens location at Rio Grande and Central in Old Town and another location at 12th and I-40 just northwest of Downtown, but curiously, no CVS locations anywhere nearby. I'd even settle for an auto-oriented one somewhere adjacent to Downtown proper, like Lomas and 6th or Lomas and Broadway, just so long as it's close enough to walk to fairly easily.
Downtown Albuquerque News this morning also reported on a positive development after another recent store closure. El Mezquite Market will be opening a new location in the former Sol Supermarket location at Broadway and Cesar Chavez. The grocery store closed at the end of last year.
The co-owner of the El Mezquite chain tells DAN that they've purchased the entire property and will be renovating the former grocery store and liquor store spaces for the new location. They plan to lease the former First Choice Community Healthcare space to another tenant. They plan to open the new store next summer.
https://downtownalbuquerquenews.com/
Quote:
New grocery store coming to South Broadway
El Mezquite Market, which operates a chain of five Latin American-themed grocery stores in Bernalillo and Valencia counties, is planning to open a new location at the northeast corner of Broadway and Avenida César Chávez, co-owner Sergio Bermudez told DAN.
The store will move into the former Sol Supermarket, the closure of which around the new year caused considerable concern in the neighborhood (DAN, 1/12/24). Bermudez said he is hoping to open in the summer of 2025, depending on how permitting and other hurdles go. The property isn't much more than a shell, he said, and will need extensive renovation.
Though he only recently concluded the purchase of the two parcels that make up the complex, Bermudez said that he has had his eye on the property for about ten years because of its proximity to the freeway, abundant traffic passing by, and a concentration of people in the area with an interest in Latin American foods.
"It has a lot of potential for us," he said. "We're really excited to be in the neighborhood."
In many ways, El Mezquite stores resemble mainstream grocery operations. But there are distinct differences, from the variety of cuts of meat available to some of the types of pantry staples on the shelves. Locations also typically include an array of Mexican bakery staples and a made-to-order food service operation with in-store seating. The South Broadway location will be no different, Bermudez said. Some 55 people will work there, he added.
South Broadway Neighborhood Association President Frances Armijo applauded the development. While concerned that crime will make operating there difficult, she also believes the store will attract plenty of customers from surrounding areas.
"The people in Barelas and San José will be using this store as well," she said. "The way [Bermudez is] describing it, it's going to be good for all three neighborhoods."
The city's Metropolitan Redevelopment Agency also pledged its support to the new operation.
"MRA has had prior discussions with El Mezquite about this property and the incentives we can provide," Director Terry Brunner said in a statement. "We stand by ready to help with anything they need to make their plans for the site successful."
Besides the former Sol Supermarket and the former Stadium Liquors - which also recently closed - the complex was home to a training facility operated by First Choice Community Healthcare. CEO Jeremiah Dye said First Choice had owned their building for about 30 years and that its activities would be dispersed to other locations. The sale opportunity came at a good time, he added, because it helps the clinic network confront some financial struggles that have cropped up in recent years.
The new El Mezquite will move into what was the former supermarket and liquor store, while the former First Choice will be leased out to a tenant that has not yet been selected, Bermudez said.
The Bermudez family is originally from Mesa, Arizona. What became El Mezquite originally started as a small butcher shop in the South Valley in 1998. The company is known in local philanthropic circles for putting on an annual charity golf tournament that happens to be coming up on Friday and funds scholarships for UNM students. Bermudez is also a past board member of the Hispano Chamber of Commerce (Fourth and Barelas Road).
El Mezquite's future home has played host to other grocery operations over the decades. Before roughly 2021, it was known as Stadium Super Market. Longtime South Broadway residents also remember it as a 1960s-era Piggly Wiggly.
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https://www.loopnet.com/property/130...5636342813002/
This is really great news and I'm so happy to see this space snapped up fairly quickly! I grew up in South Broadway/San Jose and have so many fond memories of that entire small shopping center. We'd walk there in the summer as kids and I remember the owner and many of the longtime workers when it was Stadium Supermarket. I remember the roasting green chile in front of the store in late summer every year. I remember the old full-service things like the butcher, and the bagger walking out with us and loading the groceries into our car when we'd go as a family. It was our go-to place for groceries back then. My mom remembers it as Piggly Wiggly when she was growing up.
This will be so great to have it be another nice operation like El Mezquite. I hope the tenant space might be filled by DollarTree or something similar. We have the Family Dollar location further up Broadway, but I think DollarTree is different enough and would go well there. Perhaps even Five Below. I just want another affordable general merchandise store like that near Downtown, that would excite me!
Finally, here are some recent construction pics of the new La Montañita Co-Op location at Avanyu Plaza. They were posted by them a couple of weeks ago on their social media.
https://x.com/LaMontanitaCoop/status...58279232471123
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