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Jake’s ONC LLC

Burlington, VT (2019)

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community.

COMMUNITY IMPACT
FINANCING SOURCES
PROJECT LOCATION

Project Description

Jake’s ONE, LLC, entails the acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community. Jake’s expands access to affordable, healthy and local foods. In addition to strengthening Burlington’s food system, Jake’s also provides access to a 300 square foot retail bank, a “microbranch” located within the store’s footprint. The acquisition of equipment and fit-up of a 6,000-square foot retail space, to provide access to healthy foods in Burlington’s Old North End, a distressed community which was lacking a walkable grocery store option for many years. Financing was provided from a Mascoma Community Development NMTC loan pool fund.

Grocery and Fresh Food

Mixed-use and Commercial

Retail