The original Fairway at 74th Street and Broadway was sold on Wednesday to Village Supermarket, the owner of the Shoprite and Gourmet Garage chains.
Village also bought three other Manhattan stores and its production and distribution center for a total of $76 million. The company previously said it plans to maintain Fairway’s unique style (so yes, once social distancing is over expect people to keep elbowing you in the produce section).
”Like Fairway, Village Super Market is focused on providing fresh and prepared foods and plans to retain the Fairway name and operate the stores in the tradition New Yorkers have come to know and love, ensuring Fairway remains the unique, one-stop shopping experience and ‘The Place To Go Fooding,’” Village Supermarkets said in a prior statement.
It’s a positive development, particularly compared to what might have been. Fairway was in financial trouble after adding on debt and expanding quickly. One report floated the idea that it might have to close altogether.
Fairway’s current operators will continue running the stores until the handover.
“Fairway Market continues to serve its communities by operating all of its stores, including stores not sold during the Court-supervised auction, and intends to do so for the foreseeable future to accommodate the current public need for our products,” the company said in a release.
Amazon will be taking over two Fairway store leases in New Jersey.
Thanks to tipster Upper West Sider for the heads-up.