Showing posts with label Rite Aid. Show all posts
Showing posts with label Rite Aid. Show all posts

Friday, October 4, 2024

No last rites for the Rite Aid on 1st Avenue

Photos by Stacie Joy 

The Halloween displays at the Rite Aid on First Avenue and Fifth Street are a bit sparse...
As we've noted, the entire store is a little sparse... but this location will remain open...
Last month, Rite Aid emerged from bankruptcy. Per Reuters
Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy... The pharmacy has used its bankruptcy to close hundreds of stores, sell its pharmacy benefit company Elixir, and negotiate settlements with its lenders, drug distribution partner McKesson and other creditors. 
There's signage in the pharmacy department about this... thanking customers and stating that Rite Aid is not going out of business...
Hopefully, they can afford a head for Santa this year!)

Wednesday, June 26, 2024

The Rite Aid on 1st Avenue doesn't look like a store that will be in business much longer

Photos and reporting by Stacie Joy 

According to multiple published reports, Rite Aid plans to close 92 stores nationwide in 2024 as the chain continues to work through a bankruptcy proceeding. 

Since filing for Chapter 11 bankruptcy last October, Rite Aid has been grappling with its financial woes, which have led to the closure of numerous locations. However, the East Village outpost on First Avenue at Fifth Street has managed to escape the hit list. 

Here's more about why the company has struggled via Forbes:
Multiple factors contributed to Rite Aid's bankruptcy. It was larded with debt and faced more than a thousand opioid-related lawsuits. Yet its business has been deteriorating for years as it struggled to compete against larger companies like CVS, Amazon, Walgreens...
During a recent visit, I saw barren shelves throughout the store. Management here told me they are having a "tough time getting any product or supply right now." When I asked if they were closing, I was told, "Right now, we're OK, but we really don't know." 

On another stop-by, staff said that the company is saving money by not stocking shelves; they only restock or receive supplies once a week. They also said that, for now, the store is safe and not closing. They did not rule out a closure in the future, but no one's heard anything. 

They said that if the store were to close, the patrons/pharmacy clients would be informed immediately.

Here's a look at the store... where even the COVID-era lockdown shelves were barren...
The 101 Avenue D location had a similar barren look before it eventually closed in 2022. 

The First Avenue location has a special place in our hearts because of its Headless Santa

The one-story First Avenue location also sits on a prime East Village corner, and developers would likely pay top dollar for another sliver of luxury housing. 

Tuesday, May 3, 2022

Rite Aid on Avenue D empties out ahead of rumored closure

Photos by Stacie Joy

A tipster told us that the Rite Aid on Avenue D between Sixth Street and Seventh Street is closing.

During a visit late last week, two employees told us the following: "We don't know if we're really closing or not — they keep telling us different things." 
The store doesn't exactly scream "open for business." Many shelves are empty. One employee said shoplifting is a problem — not just here but everywhere. 
One thing still in stock... DVDs...
Last month, Rite Aid said it plans to close a total of 145 “unprofitable” stores as part of its optimization efforts ... and is reportedly "looking to save in administrative and labor costs and make improvements across payroll and the supply chain, with total savings expected to reach $170 million in 2023."

Rite Aid opened here in the retail space of Niko East Village, the new 12-story retail-residential complex, in late 2018 ... after a move from its previous home one block to the north.

The Duane Reade closed on Avenue D at Second Street in November 2019 ... eventually replaced by a USA Super Stores outpost.  

Thursday, November 4, 2021

Breaking: It's Christmas time at Rite Aid

The Rite Aid on First Avenue at Fifth Street is introducing Christmas-related items. (Given the supply chain issues, don't wait to buy!


Thanks to Goggla for the pic!

Sunday, March 28, 2021

And now, YOUR NEW RITE AID SIGNAGE ON 1ST AVENUE

After weeks of anticipation, the new Rite Aid signage/brandage has arrived at the outpost on First Avenue and Fifth Street. 

As you can see, gone are the blue and red chevron color blocks (sob!) with a new blue and green (Seattle Seahawks-esque) logo that includes a graphic of a mortar and pestle with an herbal sprig. 

This "integrated rebranding effort is part of Rite Aid’s RxEvolution strategy ... to transform the company into the leading whole health destination that treats mind, body and spirit," per a press release.

Saturday, March 13, 2021

Your Rite Aid on 1st Avenue signage update

As a follow-up to Wednesday's post on the disappearing signage at the Rite Aid on First Avenue and Fifth Street...

EVG contributor Stacie Joy was at the store yesterday: "Crew reports new lettering and signage (to reflect new colors, font, etc.) should be up next week. They told me they have no plans to close, that all Rite Aids are being rebranded."
Workers smoothed over the marquee to make way for the new brandage/signage... which will look like this...
And there's a sneak preview up now (thanks Goggla!)...

Wednesday, March 10, 2021

The mystery of the disappearing Rite Aid sign

Goggla shares this from the corner of First Avenue and Fifth Street...stay tuned for new signage? And are people liking this RA outpost more these days?

Updated 3/12

Per Stacie Joy: "At Rite Aid today: crew reports new lettering and signage (to reflect new colors, font, etc.) should be up next week. They told me they have no plans to close, that all Rite Aids are being rebranded."




Tuesday, August 11, 2020

Good news if you're done with summer



EVG Fall Holiday Decoration Correspondent Goggla spotted Halloween items out at the Kmart on Astor Place... not to be outdone, the Rite Aid on First Avenue at Fifth Street trotted out the Thanksgiving decor...



Look for the Christmas trees by Labor Day.

Friday, December 20, 2019

Merry ChristmASS from Rite Aid on 1st Avenue



Something to entertain you while waiting in line at the Rite Aid on First Avenue and Fifth Street.

Holiday hijinks or this is just how the monogrammed stockings happened to end up here high on the shelf? Anyway, 50-percent off!

Thanks to Stacie Joy for this photo ...

Monday, December 31, 2018

Planning ahead for 2019 (and beyond?)



Goggla shares these photos from the Rite Aid on First Avenue at Fifth Street, noting: "In case anyone meets The One at the stroke of midnight tonight, Rite Aid is stocked for V-Day."



#😻

Friday, November 2, 2018

On Avenue D, Rite Aid completes the 1-block move to its new (former) home



The Rite Aid is now open in the retail space of Niko East Village, the 12-story retail-residential complex via L+M Development Partners on Avenue D between Sixth Street and Seventh Street...



The store relocated here one block to the south from its previous — and temporary — home in the base of the ground floor of Arabella 101...



With this, Rite Aid is back to its original home. The property where the Niko stands previously housed several one-level storefronts, including Rite Aid (and Shady's pizza!).

And so this Rite Aid chapter closes for now... and there will apparently be retail space available in the Arabella 101. (Maybe it's time to revisit that Kim's Video-interactive pizzeria idea for this space!)

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

7th Street residents angered after developer cuts down the wrong tree

NIKO East Village debuts on Avenue D and 6th Street

The Adele joins The Robyn in pop star-friendly East Village corridor

Rentals underway at The Niko on Avenue D

Tuesday, September 4, 2018

Rite Aid signage arrives at the Niko East Village on Avenue D



The Rite Aid signage arrived back on Friday in the retail space of Niko East Village, the 12-story retail-residential complex via L+M Development Partners on Avenue D between Sixth Street and Seventh Street...



To recap: The lots previously along here housed one-level storefronts that included a Rite Aid, which relocated one block north to the ground floor of Arabella 101. Rite Aid had signed a lease to return to the retail space in this building.

The former Rite Aid at the site of Niko had a pretty cool underwater theme painted on its walls, courtesy of The Royal Kingbee UW.

A flashback to September 2013 to these photos by Goggla, whose work includes serving as the EVG Senior First Avenue Rite Aid Correspondent...









As for Niko, the rentals are underway. Rents start at $2,800 a month and go up to nearly $6,000.

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

7th Street residents angered after developer cuts down the wrong tree

NIKO East Village debuts on Avenue D and 6th Street

The Adele joins The Robyn in pop star-friendly East Village corridor

Rentals underway at The Niko on Avenue D

Wednesday, February 14, 2018

Happy Valentine's Day from Rite Aid on 1st Avenue



If you're stuck on a last-minute Valentine's Day gift, the Rite Aid on First Avenue at Fifth Street has an outside-the-box suggestion — Tide pods.

Thanks to Marjorie Ingall for the photo!

Thursday, February 2, 2017

Condos at Rite Aid's new neighbor on 1st Avenue will range from $1 million to $6 million


[Pit work at 75 1st Ave. one recent evening]

As you may know, an 8-story condoplex — featuring 22 residences — is coming to the long-empty lot at 75 First Ave. between Fourth Street and Fifth Street.

To date, we'd only seen photos of broker Ryan Serhant's team in suits brandishing shovels at a groundbreaking ceremony ... and not any of the actual new building.

Now though, Colonnade Group, the developer behind the project, has released some renderings, as first posted yesterday at The Real Deal.

75 First. Coming soon 😎

A photo posted by Ryan Serhant (@ryanserhant) on


Here's an interior shot...


[Image via the Colonnade Group]

HTO Architects designed the building. The prices will range from around $1 million for a one-bedroom to $6 million for a three-bedroom. The amenities include a fitness center, lounge and library, private and common roof deck and bike storage.

As for No. 75's neighbor... the bears have been lined up for Valentine's Day...



Previously on EV Grieve:
Developer: A shorter building in the works now for 75 First Avenue

High-rise for 75 First Avenue back in play

Long-stalled First Avenue site now has a brand-new rendering

Report: Long-dormant 1st Avenue development site changes hands

Plywood report and the future of 75 1st Ave. (Spoiler: condos)

Friday, July 8, 2016

7th Street residents angered after developer cuts down the wrong tree


[EVG photo of 79-89 Avenue D from June]

Over at 79-89 Avenue D, L&M Development Partners have been prepping for a 12-story retail-residential building with 110 dwelling units here between Sixth Street and Seventh Street.

On Wednesday, residents at 274 E. Seventh St. said they were angered to discover that workers "mistakenly cut down a six-story tree" in the backyard of their co-op building.

A resident with knowledge of the situation said that L&M had a work order to remove one tree — from 278 E. Seventh St. However, the crew cut down that tree as well as the one behind No. 274.


[Behind 274 E. 7th St.]

The residents contacted the Department of Buildings via 311, and were told that it wasn't a DOB matter. The 311 rep suggested calling the police.

As for the loss of the tree, the resident said that an L&M rep confirmed they made a mistake and are prepared to do something for the co-op "within reason."

"What could possibly make whole the loss of the sole grace note of our backyard, shading our apartments in the summer, announcing the arrival of spring when it's buds peeped out, the golden light that filtered through its changing leaves in the fall and the shelter it provided squirrels, blue jays, sparrows and rare hawk visits?"

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

Former Avenue D Rite Aid has been demolished to make way for a 12-story building

Tuesday, June 7, 2016

Former Avenue D Rite Aid has been demolished to make way for a 12-story building



Workers have wrapped up the demolition of several one-level storefronts, including Rite Aid (and Shady's pizza!), on Avenue D between Sixth Street and Seventh Street...





In January, the Rite Aid relocated one block north to the vacant retail space in the Arabella 101 building.

As for 79-89 Avenue D, the approved permits on file with the city show a building with a total of 96,038 square feet (7,868 of them for the retail component). There are 110 dwelling units listed.

L&M Development Partners, one of the groups involved in the Essex Crossing development at the former Seward Park urban renewal site, bought the three parcels of 79-89 Avenue D in 2014 for $12.5 million.

We have not seen any renderings for the new building just yet. GF55 Partners, whose area work includes Jupiter 21 and 48 Bond, are the architects of record.

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D