The developer, JFA, went on to say it isn’t giving up yet on the project. “[We] remain optimistic that there still can be a prompt resolution of the issues with the Bank which will allow Whole Foods to reconsider and the project to move forward.”Whole Foods Market has a design prepared for the 25,000 square- foot Basalt store and a Whole Foods representative has previously noted that the demographics of the Roaring Fork Valley match well to Whole Foods, the country’s largest natural and organic grocery chain.
ASPEN BASALT REAL ESTATE – Whole Foods Market’s patience finally ran out on Willits Town Center in Basalt last week.The natural grocery chain notified project-owner Bank of America and landlord Joseph Freed and Associates (JFA) that it is terminating its lease for a Willits store, said Will Paradise, regional president of Whole Foods’ Rocky Mountain Region, on Friday.
Paradise said the company is frustrated over the lack of progress at the development. He didn’t specifically criticize Bank of America or JFA, but expressed general frustration about lack of progress at the development.Whole Foods signed its initial lease almost four years ago for a 44,000-square-foot grocery store at Willits Town Center. JFA ran out of financing and construction on the store stalled in September 2008 after the foundation was poured.
By Scott Condon, March, 7 2011, Aspen Times
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The stalled Whole Foods space at Willits Town Center, Basalt, CO. Construction halted Sept. 2008.