Gelson's Markets Plans 2018 With New Hollywood Store
ENCINO, CA - Now officially planning its expansion through 2018, Gelson’s Markets has announced its intention to open a second location in Hollywood, CA.
“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 in a statement. “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 development and construction of the project is still subject to government approval, but Gelson’s has confirmed that the new store is slated to open in the first quarter of 2018.
This isn’t the first news of Gelson’s plans to expand either. The company has announced several new locations since its $394 million acquisition by investment firm TPG in 2014.
Just 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 chain filed for Chapter 11 bankruptcy. An extensive remodeling for the Haggen locations is slated later in 2016, and the company is on track to open new stores in Carlsbad this month and Pacific Beach in late March, according to a press release.
For more on Gelson’s expansion as it's announced, stay tuned to AndNowKnow.