After existing for decades as primarily a business district, the Financial District is finally inching its way to becoming an actual neighborhood. This week at 55 Fulton Street, a new Key Food financial district supermarket opened its doors to delight of hundreds of Lower Manhattan shoppers.
Open 24 hours, the new Key Food is 5 times larger than the now closed Key Food (located due west of the new location) which stood on 3500 sq ft. The new Key Food financial district supermarket offers shoppers a wide range of organic and specialty products in addition to pizza, coffee, deli and sushi counters, hot and cold salad bars. There is also an onsite butcher and a fresh fish counter.
At the grand opening of the Key Food Financial District supermarket remarked at the improved level of fresh produce, the improved customer service, and the wider product variety, all in a manner that many found to be pretty Whole Foods-esque. There is even an upstairs eating area.
However some are complaining about the Whole Food like prices.
While some elderly residents of the nearby Southbridge towers expressed concerns over the stairs of the new Key Food financial district supermarket, many more are complaining about the prices. Many shoppers from the Southbridge towers are lower income elderly persons living on fixed incomes. Thus the sushi and jars of organic flaxseed oatmeal tends to be well outside of the price ranges of such shoppers.
Lower Manhattan Redevelopment
However, for most, the new Key Food financial district supermarket is much better than what was available before. The higher prices come with a better customer experience, allowing Key Food to attract the Financial Districts increasing young professional demographic.
Key Food is another symbol of the steady Lower Manhattan redevelopment we’ve witnessed in the last two years. It is a sign that for developers and businesses, the area is worth the investment.