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Hunts Point Market laying foundation to finance redevelopment

By
Keith Loria

The Hunts Point Produce Market in the Bronx has — and continues to be — essential to New York City’s food infrastructure, and things are only getting better. With approximately 30 merchants, Hunts Point’s family-owned businesses provide customers with exceptional guidance and service, drawing on generations in the trade.

“The Hunts Point Produce Market remains focused on enhancing our infrastructure to better serve our community, our customers and the broader food ecosystem,” said Phillip Grant, CEO of the Market. “The proposed redevelopment of our market is a project that promises to redefine the landscape of food distribution and access in our region.”

Public Safety Officer Chief James Poole; Mexican Senator Xochitl Galvez, who is running for President in Mexico; Phillip Grant; Hunts Point Finance Manager Alex Gomez; and Public Safety Officer Daniel Cruz.
Public Safety Officer Chief James Poole; Mexican Senator
Xochitl Galvez, who is running for President in Mexico;
Phillip Grant; Hunts Point Finance Manager Alex Gomez;
and Public Safety Officer Daniel Cruz.

Leadership at Hunts Point is currently finalizing the capital stock for the redevelopment and working with elected officials to secure the necessary funding.

“Together we can lay the foundation for a sustainable, efficient and resilient food infrastructure that can meet the demands of tomorrow while addressing the urgent needs of today,” Grant said.

Not surprisingly, the biggest challenge Hunts Point faces today is financing the redevelopment of the market while maintaining affordability for its current tenants.

“If the cooperators have to borrow a significant amount of money to fund the project, it could end up fracturing the market by making it unaffordable,” Grant said. “That is why we are collaborating with our elected officials to ensure that the Hunts Point Produce Market continues to be affordable.”

He added that investing in the redevelopment of the Hunts Point Produce Market is an investment in the future, a future where access to fresh, quality produce is not a privilege, but a given.

“It’s an investment in a greener, more sustainable future that values the well-being of our community and our planet,” Grant said.

The market’s unique position in New York City enables it to act as a vital link between urban consumers and rural producers, bridging gaps in the food system.

“We currently engage with several industry groups including farmers, the New York Farm Bureau, New York Chambers of Commerce and several educational institutions to help strengthen the food supply chain throughout the state and the nation,” Grant said. “We are the biggest wholesale produce market in the country, feeding over 23 million people every day, all out of the South Bronx.”

Like many businesses in New York City, the Hunts Point Produce Market remains steadfast and resilient and despite challenges brought on by the pandemic, continues to thrive.

Most of the cooperators at the market have recovered from the lasting effects of COVID-19; however, they’ve adapted business models and deliver their produce directly to store instead of having shoppers come to the market.

That’s not the only change Hunts Point has experienced of late.

“Over the past year, we have launched a waste reduction program with a food rescue non-profit, Sharing Excess,” Grant said. “Over the last six months, the organization has been able to rescue more than 2 million pounds of food that would have otherwise gone to a landfill and redirected it to local organizations that help the food insecure.”

Another way that Hunts Point continues its mission to support one of the most diverse populations in the world.

Keith Loria

Keith Loria

About Keith Loria  |  email

A graduate of the University of Miami, Keith Loria is a D.C.-based award-winning journalist who has been writing for major publications for close to 20 years on topics as diverse as real estate, food and sports. He started his career with the Associated Press and has held high editorial positions at magazines aimed at healthcare, sports and technology. When not busy writing, he can be found enjoying time with his wife, Patricia, and two daughters, Jordan and Cassidy.

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