For those who are still holding out hope that the big empty space on 15th Ave West will someday actually be home to Whole Foods as originally planned, an interesting report today from Market Watch.
Shares of the troubled Whole Foods Market surged 22% after the investment fund run by Ron Burkle, who made a fortune in investing in supermarkets, bet the high-end grocery chain can turn its business around with a big investment in the company. The filing spurred more buying in Whole Foods stock as investors took the news as a vote of confidence in the struggling grocer.
Whole Foods has been hit hard by the economy and we have been following the company troubles since the store that was supposed to open on 15th was put on indefinite hold.
Magnolia Voice first reported in September that the Whole Foods project at Interbay was in trouble. The developer of the complex filed suit against Whole Foods for breaching the lease and it is now unclear if the store will ever open in that location. The large complex that was meant to house Whole Foods now sits empty.


