New Markets Tax Credit Coalition

Search

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

Precision Engineering, Inc., has positioned itself as a regional leader in the industrial automation field. Founded in 1994 and headquartered in Mobile, Alabama, PEI has registered professional engineers in Alabama,
Manufacturer of proprietary 'black' wood pellet.
The 5th phase in a 5-phase commercial development located at the Project site in Foley, AL.
Development of feed mill facility creating jobs with benefits including healthcare, retirement, and advancement training.