King’s Fresh Market seeks MEDC loan for north side grocery store

Group wants to purchase vacant former restaurant building from city

PHOTO: Darasp Kran

Last updated on May 15th, 2019 at 05:02 pm

King’s Fresh Market Group LLC is applying for a $140,000 Milwaukee Economic Development Corp. loan to purchase a vacant former restaurant from the city to turn the building into a neighborhood grocery store on Milwaukee’s north side.

In September, the group stepped forward to buy the 6,864-square-foot former Stella’s restaurant (and a Ponderosa Steakhouse before that) at 2730 N. Dr.  Martin Luther King Jr. Drive.

Bruce Martin, managing member of the group who is a real estate investor and former principal of Lena’s Food Market, would not comment on the progress of the grocery store.

“It’s happening, but there is nothing I can speak of at this point,” Martin said.

According to a loan application with the MEDC, the store would offer traditional dry goods, fresh fruits and vegetables and a deli with prepared hot foods with a focus on African American cuisine.

The store would employ six full-time people and 10 part-time people within the next two years.

The MEDC’s loan and finance committee will decide on the request Tuesday.

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