Gelson’s Markets is looking to make it big in Hollywood, California.
The regional supermarket chain is planning to open its second location in the city after its first store was received positively by the community.
“We are very excited to announce our second location in Hollywood, which will be developed by Cadence Capital Investments, LLC,” said Rob McDougall, Gelson’s President and CEO. “The success of Gelson’s current Hollywood location on Franklin Avenue and the continued influx of residents has made further development in the community necessary.”
The new store is scheduled to open in the first quarter of 2018. Development and construction of the project is still subject to government approval.
This isn’t the first time Gelson’s has made its expansion plans known. The company has previously announced several new locations since its $394 million acquisition by investment firm TPG in 2014.
Last month, Gelson’s opened its first San Diego-area store in Del Mar, and in 2015, the chain purchased eight locations for $36 million from Haggen after the company filed for Chapter 11 bankruptcy. After an extensive remodeling, Gelson’s plans to open new stores in Carlsbad later this month and Pacific Beach in late March, according to a press release.
Stay tuned to DeliMarket News as we continue to follow Gelson’s expansion plans.
