Van Nuys, CA (2020)

Vallarta Van Nuys Supermarket

Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq.

Investment

  • NMTC Amount: $35,000,000
  • Total Project Cost: $37,190,744

IMPACT

  • 227 FTE jobs
  • 30 construction jobs
  • The project is projected to serve an estimated 2,500 clients/day and an estimated 20,000 unique clients in a given year.
  • 40,000 sq. ft. of real estate

Investor

Project Description

Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq. ft. vibrant Vallarta Grocery store offering a significant amount of healthy food products. The store will create approximately 280 direct livable wage permanent jobs, which will be filled predominately by bilingual and low-income persons largely from the surrounding severely distressed community. The new grocery store is located in a designated ERS/USDA Food Desert and will serve an estimated 2,500 clients/day and an estimated 20,000 unique clients in a given year.

MAP

Address: 16040 Sherman Way, Van Nuys, CA 91406

Census Tract: 6037127604

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