We Own It!

We did it! We bought it! And as of this January 17, 2012, the members & owners of CreekSide Co-op are the proud (really, really proud) owners of 7909 High School Road.

Please join us for a Groundbreaking Ceremony,
at OUR NEW HOME:
7909 High School Road
Thursday Feb. 2, at 4:30 p.m.
We will celebrate the purchase of our new home and the start of construction on our new store. A reception will follow at The Frame House, across the street at 7900 High School Road.
Invited guests include U.S. Senator Robert P. Casey Jr., Congressman Chaka Fattah, and Congresswoman Allyson Schwartz, as well as the Cheltenham Township Commissioners, and confirmed guests include State Representative Larry Curry and Montgomery County Commissioners Josh Shapiro and Leslie Richards. We will also be joined by our friends at The Reinvestment Fund, the USDA, and Vantage Point Ban, who are financing this project.
But the most important people in attendance will be you, our members, whose patience, commitment, and investment, is what makes this possible. We hope you will join us to celebrate this joyous and momentous step toward opening our new co-op, and making our great community even better.
Next Phase About to Begin!
CreekSide Co-op is preparing for settlement on the purchase of the old Ashbourne Market building on January 17th, 2012. Copious paperwork, including final budgets and contracts, are currently being assembled. Construction is set to begin by February 1st, with a special groundbreaking ceremony scheduled for 4:30pm on February 2nd - more details coming soon!
We Have Raised the Necessary Financing and Plan to Open in 2012!!!
But it's not too late to participate in the member loan program for a terrific interest rate!
CreekSide Co-op has completed our necessary financing: We are ready to purchase our new home and start construction, but there is more we can do together!
Over $3.5 million dollars in financing have now been committed by Vantage Point Bank, The Reinvestment Fund, and the USDA to fund:
- • Purchase of the old Ashbourne Market building
- • Renovation into an efficient, full-service market and community center
- • Equipment purchase
- • Inventory purchase
- • Working Capital and reserves
- • Employee hiring and training
And we have raised more than our goal of the final $250,000!
We have put a $35,000 non-refundable deposit down on the old Ashbourne Market building and will finalize the purchase in the next few weeks!
Here's what you can still do:
- • If you haven't yet, join the co-op right now
- • Encourage friends and neighbors to join
- • print and share this flyer
- • send an email - here is some suggested text
- • Contribute additional member equity
- • Participate in the member loan program
We are making this happen!
Ashbourne Market Building History
About 10 years ago, the ongoing business that was Ashbourne Market was sold to a group of investors lead by Arsen Kashkashian. Mr. Kashkashian is a lawyer and real estate investor based in Bristol, PA. After Ashbourne closed, he leased the building to a number of other businesses, all of which have now left. The building has been vacant for several years. Read more here...
Creekside Co-op Farmers' Market at High School Park
The farmers' market was a great addition to the Elkins Park community for the last two years and our vendors are excited about the chance to sell to our community again this year. Co-op member Karen Irgang is managing the market. Vendors or members with questions about the market can contact Karen at marketmanager@creekside.coop.
CreekSide Co-Op's future store.....
CreekSide Co-Op is planning to open at 7909 High School Road in Elkins Park, PA. This will be a full service store that will include all the favorite departments you and your family are accustomed to shopping in. Departments like produce, seafood, meat, dairy, frozen and deli. We also will be including a extensive selection of local products from a 100 mile radius around us and other categories prepared right on site! For all of you that remember Ashbourne Market we will also have a prepared foods section from the CreekSide Co-op kitchen called "Ashbourne Favorites", bringing back the best of the past and pairing it with the best of the future.
Mission Statement:
CreekSide Co-Op is a cooperative member-owned food market in Cheltenham Township, providing products and services that are responsive to the values of its ownership and fostering connections among the people of its diverse community.
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