Foley Grocer

The 5th phase in a 5-phase commercial development located at the Project site in Foley, AL.

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $11,646,228

IMPACT

  • 150 FTE jobs
  • 76 construction jobs
  • This project will bring food options to a food desert.
  • 68,500 sq. ft. of real estate

Investor

Project Description

The Project is the 5th phase in a 5-phase commercial development located at the project site in Foley, AL. Although the project is technically the last phase of the development, the 4th phase of retail development (approximately 68,500 sq. ft.) is fully contingent upon the 5th phase being completed initially. Therefore, the completion of the project will spur the immediate catalytic development of additional retail activity, which supports $11.7 million of additional private investment that creates an estimated 150 jobs.

MAP

Address: 2614 South McKenzie Street, Foley, AL 36535

Census Tract: 1003011502

PDF Profile

Other Alabama Projects

Financing for the addition of a state-of-the-art, 24,000 square foot building to the existing facility as well as installing a new Annealing Furnace, Water Cooling System and Melting Furnace, which

This LEED Certified project consists of a new 2-story, approximately 42,000 square feet detached educational & administration building for Faulkner State Community College (now Coastal Alabama Community College). This building

Colormasters Inc., a key player in flexible packaging since 1986, has seen remarkable growth, expanding from a 10,000 sq. ft. facility with one bag machine to over a million sq.

A new 475,000-sq. ft. facility sources peanuts within a 200 mile radius from farms in Mississippi, Alabama, Georgia and Florida and creates 130 permanent jobs with training and career advancement