Around Town

Shares Available for Charles River Co-op, Group Looking to Create New Food Buying Alternative

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Since the closing of Russo’s market in September 2021, a group of people has been working to create a new option for grocery and food shoppers in the Watertown area. On June 15, the Charles River Food Co-op formally kicks off the sale of shares in the planned store. The co-op had a soft opening in early June, and has already sold more than 70 shares, said Nick Quaranto, interim board president of the Charles River Food Co-op. The money raised by the shares, which cost $200 each, will go toward planning and building a store in one of the communities on which the co-op is focusing: Watertown, Waltham, and Newton. Shareholders will also be able to participate in co-op elections and will receive discounts after the store opens.

Around Town

New Food Co-op Looks to Fill Void of Russo’s Closing, Offering Shares

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The following information was provided by the Charles River Co-op:

The Charles River Food Co-op is announcing that we will soon be accepting members! As a reminder, the impetus to create the Charles River Food Co-op was the closing of Russo’s in Watertown. We are excited about our mission and vision for this new store, which includes replicating Russo’s fresh produce and food diversity, in addition to a focus on sustainability and community. While we don’t have a store for you to shop in yet, buying a member-owner share now allows us to build the financial foundation we need to fuel the next stage of our growth and fund the eventual store opening. You are investing in the future of the Charles River Co-op and enabling us to take the next step to reach our vision. 

Our share price will be $200 – which can be paid up-front or over 8 months in increments of $25.