Welcome to the Dill Pickle
Your neighborhood grocery store, open to all!
A message from the DPFC Board & GM
Over the last fourteen months, the Dill Pickle leadership has worked hard at advancing negotiations on a primary site for our expansion, all the while keeping a secondary site under consideration. Both of these sites have different strengths, but the primary site held the first position for a couple of reasons: it is located closer to the current store and central Logan Square, and it offered more space to grow into over time.
The biggest drawback of the preferred site was the complexity of the lease we were trying to enter. The building was vacant but still under lease at a well-below-market rate to a national corporation. Instead of accepting a lease buyout, this corporation wished to capitalize on their lease by renting to us at a higher, but still favorable rate. This meant that our deal would involve three parties instead of two, and two leases instead of one. The resultant complexity of the multiple agreements was exponential. This was compounded by an extremely slow response rate of the lease-holding corporation we were negotiating with.
We first approached the lease-holding corporation in December of 2013, and finally signed a non-binding letter of intent with them in August of 2014. After another six months of continued sluggish negotiations, two significant deal-breakers emerged in January 2015. The first was the addition of a clause that would have approximately doubled our cost of rent. Secondly, and most importantly, the building owner suddenly expressed a change of heart and no longer supported our interest in sub-leasing use of his property. In fact, he vowed to fight any attempt by us and the lease-holding corporation to pursue a deal. After 14 months of hard work and financial investment, the challenges to making this property work for the Co-op became irreconcilable.
At their monthly meeting on January 21st, the Dill Pickle Board voted by consensus to cease negotiations on this site and begin negotiations with our secondary preferred site.
You may now be wondering where this leaves our expansion. We’re now looking at a much smoother and more promising negotiation process. Our new preferred site is owned by a party that reached out to us nearly two years ago when word of our expansion plans began to spread through the community. Renewed conversations with this building owner give us confidence that we’ll be able to negotiate a favorable agreement in a much shorter time-frame. This site meets our search criteria (see section E of our Policy Governance document for full list of criteria), and we feel very enthusiastic about its potential as the new home for our co-op.
Moving is a big step in our short history. Our store location can have a huge impact on the patronage and shopping habits of our owners and customers at large. We sincerely believe that this new potential site is the best option in a one-mile radius of the store. We have studied the real estate market in Logan Square closely and affordable commercial rents—with the size and amenities that our Co-op needs to succeed—are few and far between. Through surveys over the last four years, you asked for an expansion—and for good reason; our vision demands much more than our current store can provide. We are grateful for your trust and support as we steer the Dill Pickle Food Co-op toward a new home that will provide responsible, stable growth in our mission.
Kevin Monahan President, Board of Directors
Sharon Hoyer General Manager
Join us this Saturday 1/24, 6-7:30pm!
Happy holidays, Pickle people!
'Tis the season to give good food and share co-op ownership!
Everybody eats! Support your co-op this season by sharing our well-sourced selection of local, organic, and fair trade goods with your folks. Pick up a gift card at the register on your next trip to the store!
Share co-op ownership. Have a friend or family member who shares your values around shopping small, supporting local farmers, and building healthy communities? Dill Pickle owners put those values into action. Kickstart a gift account for just $50, or purchase a full equity investment of $250 on someone's behalf. Available in-store only, with a welcome packet and free DPFC tee shirt or chico bag through 12/31/14.
Pickle People, mark yer calendars! The 5th anniversary of the Dill Pickle Food Co-op is fast approaching, and to celebrate, we'll convene on the evening of Thursday, December 4th, 8:30-11pm at Cafe Mustache for music, merriment, memory-making, and pickled vegetables of all sorts. Be there or be a cucumber!
As we gather all the season's fixings -- cranberries, pumkin pie, stuffing -- we're surrounded by local abundance for which to give thanks, but the biggest thanks goes to YOU, our owners and neighbors. Your continued dedication to good, fair food and cooperative values is what makes the Dill Pickle such a vibrant and thriving co-op community.
Wednesday 11/26: Open til 10pm for last-minute necessities.
Thursday 11/27: CLOSED for Thanksgiving Day with family & friends.
Friday 11/28: Normal hours resume, 9am-9pm.