Welcome! Durham Central Market is a new neighborhood cooperative grocery working to open a store located near the downtown area (Read more about our location). Durham Central Market follows the owner/member model of local co-op groceries like Weaver Street Market in Carrboro and Chatham Marketplace in Pittsboro, but with a distinctively Durham flavor. If you're not an owner, now is a great time to become one! Building a full-service grocery store is a big project, and we need your help to get the doors open. We're looking for investors who want to keep their money local and help get a true community organization off the ground, while still getting a return on their investment. If you're already an owner and are interested in participating in this great opportunity, you can find out more or send us questions about becoming an investor.
Our goal for the store is to offer high quality, mostly local food and other products, to reinvest profits back into the community, to practice sustainability, and to foster a respectful, professional workplace. We invite you to learn more about the ideas and the planning that has gone into the development of the Durham Central Market cooperative. As a grocery store dedicated to serving Durham and built by Durham, Durham Central Market got to this point through the great work of volunteers from local Durham neighborhoods. We continue to need volunteer help and hope that you will consider volunteering your time and talents. You can contact us by email at email@example.com or send us mail at P.O. Box 25216, Durham, NC 27702-5216.
October and November were very big months for Durham Central Market. We signed the lease with Self-Help (yay!), arranged a loan for $576,000 (yay!) and are nearly finished with store layout (yay!). Self-Help has their site plan approval from the city, and are close to getting their building permit. They've also closed on their financing for the project. Work is now underway at the site; demolition has begun.
As you pass by the site watch for these steps of progress:
Once the house moves, they can start on the site work for the market's location.
On the market side, the board met this past week to visioneer the steps between now and store opening, and established several new committees. The General Manager Hiring Committee has started work, and anticipates having our GM on board in May.
Besides the search for our General Manager the board is focusing on finishing the store design, selecting equipment, raising an additional $200,000 and expanding our base of member/owners!
All in all, it's an exciting time for Durham Central Market!! Stay tuned!
DCM held its 6th Annual Meeting on Sunday, 10/13. It was a great evening of food and community. If you weren't able to join us, you can view the financial information that was presented in the attached pdf file. Exciting things are happening with the new store. We expect to sign our lease with Self-Help before the end of the month, and we should see ground-breaking soon after!
THANKS to everyone who invested, bought memberships, volunteered, and spread the word, DCM is getting ready to break ground on our new store. Since our investment drive started in late April, we are 80% of the way to our $1 million overall investment target. We have the funds to start construction, but still need further funds to acquire working capital and ensure that we can stay open prior to breakeven. If you're interested in making an investment, learn more here.
Come to our annual meeting on Sunday, Oct 13, 5-7pm at the Chameleon at 2013 Chapel Hill Road, Durham (http://goo.gl/maps/wSiUu). We'll have a community potluck from 5-6, and the business meeting from 6-7. We'll elect new board members and share a progress update. (BTW, please drop us a line at firstname.lastname@example.org if you plan to join us. An RSVP isn't necessary to attend, but it will help us with our planning.)
Spread the word and if you can't invest right now, become an owner.
Durham, the foodiest/tastiest city in the South, is soon to have its very own natural foods co-op!
DCM's 5th ANNUAL MEETING AND POTLUCK - Update
Sunday, October 13, 2013, 5–7 PM
The Chameleon, 2013 Chapel Hill Road
Sunday, October 13, 2013 will be the fifth annual owners' meeting of Durham Central Market. We will be holding the annual meeting at the Chameleon on Chapel Hill Road again this year. At this meeting, owners will receive a progress report, consider any non-binding questions, and elect the next board of directors.
Anyone wishing to put forth his or her name for consideration as a candidate to serve on the board should write to email@example.com. The deadline for board nomination submissions is midnight, August 29, 2013. Board members must be owners of the cooperative. Update: You can read the candidate statements for the four candidates running for Board seats HERE
Voting will take place at the annual meeting. If you are unable to attend the meeting, a provision will be made for you to submit an absentee ballot or cast your vote online in advance of October 13th.
To present any non-binding questions to the owners, please send these to firstname.lastname@example.org. Submission deadline for questions is midnight, August 29, 2014.
See you Sunday, October 13th at the annual meeting.
We have made a lot of progress since last fall, which would not have been possible without your support. To move the project forward now, a significant financial investment is required. We must all work together to make Durham Central Market a reality. It’s been a long haul, but now, now is the time! We are very close to finally breaking ground on Durham Central Market in October. The stars, and Self-Help, have aligned to give us the best possible scenario.
The story so far …
We are the community. Here’s where you can help.
We must raise these funds by the end of August! This is an investment in our community that yields a triple bottom line. The dividends are economic, ecological, and social. You can make it happen by sharing this vision with your neighbors, and participating in this community investment effort.
Thanks for your support of Durham Central Market!
We are excited to report our progress towards the opening of Durham Central Market! We have a location, plans for ground-breaking and are projecting an opening date!
Durham will have a co-operative grocery store again!
At our annual meeting in November, we let you know about the possibility of a partnership with Self-Help Ventures. In line with the City of Durham’s long-term plans for revitalizing the historic area around the West Chapel Hill Street corridor, SHV is seeking to develop the corner of Kent and West Chapel Hill Streets with an office building (whose first floor could in time become retail space), with ample parking, green space, and a 10,000 square foot building for lease to Durham Central Market. With the approval of our owners, we followed through on our explorations, and are happy to report that we have recently signed the Letter of Intent to occupy this space!
This is not the marriage, but the engagement announcement. The Letter of Intent spells out the general terms of the proposed long-term lease. We hired Dakota Worldwide to study the site and give us sales projections, and our financial projections indicate that with the support offered by SHV, the site should be successful.
The agreement will place our new store in a prominent location, less than half of a mile from the Chapel Hill Street exit of the Durham Freeway, an artery that many use for their daily commute. Situated right at a bus stop, convenient to downtown Durham and Duke, and nearby to neighborhoods such as West End, Burch Avenue, Lakewood, Morehead Hill, Duke Forest and Forest Hills, we believe it will serve our vision—to contribute to the development of Durham’s community—in ways we did not originally envision. For example, the new site is almost contiguous to the Pauli Murray historic area, and right down the street from The Cookery, the location of our predecessor co-operative. While many of us continue to be disappointed we have not been able to build an initial store in North Central Durham, we are positively excited about the possibilities offered by this location, and by our partnership with SHV.
We will need your help to get from here to our opening. SHV will contribute significantly to the cost of developing the store, and we have over $400 thousand in the bank, invested by our owners. We will need to raise additional funds from a number of sources, including another $700 thousand from our community. This is an investment in our community that yields a triple bottom line. The dividends are economic, ecological and social. You can help make it happen by sharing this vision with your neighbors and participating in DCM community investment efforts.
Here is what we are asking of current owners:
Finally, we thank you, Durham Central Market Owners, one and all, for being part of this venture. As owners in a food co-operative, your voice and thoughts matter. We look forward to hearing from you!
The Board of Directors
Durham Central Market
Preliminary rendering of potential Durham Central Market store viewed from W. Chapel Hill St. Courtesy of DTW Architects and Planners, Ltd.
DCM's annual Owners Meeting was held on Nov. 4th, 2012. As in previous meetings, we began the meeting with the fellowship of a potluck dinner. Following dinner there was a round of hearty appreciations for all of the people who volunteer their time to support their co-op. People staff the Farmers Market booth, plan events, work on committees, serve on the board!
Don Moffitt, our Project Manager, gave a presentation on the year just concluded. He began with last year’s annual meeting, when owners gave their feedback to the board about which attributes for a store were most important. He showed maps and photos of all of the sites the board has looked at over the past year, and repeated what we already know—that financing a store is the major problem, requiring either an angel to guarantee a loan or a developer willing to advance development funds in return for higher rent.
This led to a discussion of a site on West Chapel Hill Street that Self-Help is developing. They want Durham Central Market in the project, along with 35,000 square feet of office space. Tucker Bartlett, Vice President of Operations, was there to talk about why Self-Help sees the site a good fit. During a question and answer period, one owner pointed out that the Durham Food Co-op struggled in a nearby location, and asked what would be different. The answer was lots of parking, full capitalization, larger format, more complete product selection and a new building in a new project.
The meeting then turned to the election of members of the board. Drew Peng, the current treasurer, was elected to a new two year term, and Melissa Mills was elected to her first term. Congratulations to both—and thanks for your willingness to invest your time and energy in Durham Central Market!
At our Annual Meeting on November 4th, we will hold elections for two seats on the board. We have two fine candidates running for those seats - Drew Peng, who has been serving in an appointed capacity on the Board and is chair of the Finance and Development Committee, and Melissa Miller. You can learn more about these two candidates here.
The Emily K Center and The Cookery are joining forces this Saturday, October 6 from 5-8pm to sponsor a Food Truck Round-Up and Fall Concert. Tour the Center, eat some great food while listening to great music, and shoot hoops in the Final Four gym.
More info at http://durhamcookery.com/latest-news
Follow us on Twitter - @DurhamCentMkt
You can now become a Durham Central Market Owner via the website. We offer individual ownerships and business ownerships. Become an owner today by filling out the online DCM Ownership form and pay using a secure Paypal connection, and thanks!! If you would prefer, you can also fill out and print the individual ownership form (pdf) or business ownership form (pdf) and mail it in. Follow the instructions on the form.
Durham Central Market
P.O. Box 25216
Durham, NC 27702-5216
The Owner Investment Campaign is ongoing, offering our owners the opportunity to invest in the co-op. Details on your options for investing are available here.
Email your intention to pledge to email@example.com
We'll walk you through the rest. Together we can build something wonderful!
Tuesday, Dec. 6, 2013 - Transition Durham
Durham Grows it Own - a celebration of community food activism
Durham Central Park
Durham Co-Housing Community
Carolina Farm Stewardship Assoc.
Animal Welfare Approved
Center for Environmental Farming Systems
The Rural Advancement Foundation International (located in Pittsboro, NC)
Slow Food Triangle
Current Amount: 1213