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

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

Group wants to purchase vacant former restaurant building from city

Food
PHOTO: Darasp Kran

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.

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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