The owner of Raley’s is embarking on a new grocery concept scheduled to debut in Sacramento’s R Street neighborhood in spring 2017.
Michael Teel, who last year became the majority owner of West Sacramento-based Raley’s, will own the new concept called Market 5-ONE-5. But company officials say the store, which focuses on healthy eating, will stand on its own and operate independently of Raley’s.
The first Market 5-ONE-5 store will fill a portion of the former California Office Furniture building at 10th and R streets. It will cover 11,000 square feet at 915 R St. CFY Development closed escrow last year on the building for $4 million.
“Being part of the renewal taking place on this important and historic street in Sacramento is very exciting,” Ali Youssefi of CFY Development said in a Tuesday news release. “The opportunity to serve downtown with a convenient and healthy shopping alternative has long been an objective of mine.”
Market 5-ONE-5 will take inspiration from farmers markets, officials said in the release. “I want to go back to the basics and create a store that is reminiscent of a neighborhood corner market but with a focus on nutritious food at a fair value,” Teel said in the release. “Market 5-ONE-5 will be an unpretentious, inclusive and straightforward shopping experience.”
“ONE” is an acronym for organic, nutrition and education. Company officials say those are the store’s three core values. In addition, the number “five” in the store’s name refers to the five senses, as well as the five essential nutrients. Fresh products will be delivered daily.
The store will be designed in partnership with Stafford King Wiese Architects.
While Market 5-ONE-5 will be separate from Raley’s, the longtime local grocer has taken its own steps to promote health and wellness, including emphasizing natural and organic products. In an interview last year, Teel said he wanted Raley’s “to move in the direction of being a trusted adviser for health and wellness.”