Steve Ginsberg - NM Business Journal

Commercial, Retail and Residential Real Estate

Reporter- New Mexico Business Weekly

Some mayors dream of putting a major sports stadium or convention center in their downtowns. Albuquerque Mayor Richard Berry has a more pragmatic approach. He sees a grocery store as a catalyst to jumpstart Downtown’s renaissance.

Berry is seeking proposals from developers to build a grocery store on a 1-acre city-owned parcel north of Silver Avenue between Second and Third streets. The city most likely will offer a subsidy, but a developer must come up with a concrete proposal for a bonafide grocery that could cost more than $1 million to build and stock. Berry wants to see ideas from ...