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Due to loss of farmland the food being produced on the small regional farms was not making it into New York City causing a lack of fresh, decent food in the city. [ 8 ] [ 9 ] The problem is further explained in "The Cornucopia Project" that details how from 1960 to 1980 the number of farms decreased by 28 percent and the land in farms by 19.5%.
Fairway Market is a specialty market with four locations in Manhattan. Sterling Investment Partners, a private equity firm in Westport, Connecticut, bought a controlling stake in Fairway Market in January 2007 and expanded the chain in the Greater New York area. Sterling made a $150 million capital investment in Fairway leading to enterprise ...
The interior of a Fresh Market store. The Fresh Market was founded by Ray and Beverly Berry on March 5, 1982, in Greensboro, North Carolina. The first store was opened in the former Bi-Rite store at the corner of Lawndale Dr. and Pisgah Church Rd. [4] The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets. [5]
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By the mid-1980s, the market had shrunk to 59 vendors. The city named a private developer to revitalize the market in 1988, [21] but with little success. In 1995, the New York City Economic Development Corporation (NYCEDC) took over the market's operations. [3] The market at that point had been reduced to one building at 120 Essex Street. [13]
The 2000s brought new, stronger competition to the New York area, and the chain shrank, receding mostly to Manhattan. At the time of A&P's liquidation in 2015, The Food Emporium had 11 stores. The banner was acquired from bankrupt A&P in late 2015 by Key Food Stores Co-op, Inc. , which currently operates thirteen of The Food Emporium stores.