First, workers gutted the space last month... removing the bankrupt drug store's remains.
On Saturday, a row of cement trucks lined First Avenue as workers were putting in a new floor...
Here's a look inside a few weeks back (via Stacie Joy)...
... and yesterday...
The East Village outpost closed on Aug. 24 after five weeks of going-out-of-biz sales. The 63-year-old pharmacy chain filed for bankruptcy twice in two years before shutting down entirely earlier this month.
As of now, we do NOT know what is next for the single-level storefront. There have been unconfirmed rumors of a grocery, which makes sense given the space. (There aren't any new work permits on file with the city, so no clues there.)
The EV Rite Aid was reportedly leasing the space for upwards of $50,000 per month.
Here's more on the single-level building's ownership:
The 1920s-era East Village building has been owned by the New Tandem Equities since 2007, city property records reveal, when it was sold to them for $4.2 million by an LLC under developer Anthony Marano's control. Marano, in turn, had bought the building from grocery store mogul (Gristedes and D'Agostino's) and radio station owner (WABC 770 AM) John Catsimatidis in 2005.
Again, the auction was for the business lease, not the property.
The EV lease for the 8,500 square feet is set to expire in January 2032.
Surely no air rights left but it would be ideal if it was turn into much more than a single story of housing
ReplyDeleteIt's worrying that a necessary business like a pharmacy went bankrupt; I always favored them over Duane Reade, even though Rite-Aid was based in Harrisburg, PA.
ReplyDelete(Dangerous) skating rink!
ReplyDeleteI hope a good supermarket opens there we could really use one in this neighborhood. Give the Key Food on Avenue A a little competition.
ReplyDelete