September 12, 2008
Whole Paycheck's Cash Flow Problems
Construction on the Magnolia/Interbay Whole Foods will be delayed for up to a year thanks to the shaky economy and "cash flow problems" for the fancy grocery chain, reports Magnolia Voice. In four or five weeks the site's workers will pack up and head out, leaving behind a mostly-finished exoskeleton of what will ultimately be a 12,000 sq. ft. smaller grocery store than planned. The store was slated to open in three months, just in time for Magnolites to order conveniently pre-packaged and portioned organic Thanksgiving dinners. What a shame!
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Damn, that sucks. I just drove by there yesterday and it looked like they had made a lot of progress - there's even a parking lot now.
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Well, don't worry then. I'm sure the Diamond people will jump all over that, and you'll at least be able to park there.
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speaking as someone who lives on the Interbay side of Magnolia (the part where it's all condos and even has a real-live dive bar and train tracks), I couldn't care less about Whole Foods cause they're too expensive. Now, if the Trader Joe's in Ballard doesn't get completed soon..... ooooo I'm gonna be mad!