The Fairway on 125th Street and 12th Avenue is expected to shut its doors unless a last-minute bidder emerges, according to a report in Crain’s.
Fairway agreed to sell the popular uptown grocery store along with four other Manhattan locations to Village Super Market for $70 million when it filed for bankruptcy protection in January. But Village has changed its mind and elected to buy the parking lot surrounding the Harlem location but not the store itself, according to federal court documents. A Village official did not reply to requests for comment.
The company has also struggled to sell its Red Hook location. “The fate of Fairway will be determined April 14 at a federal bankruptcy court hearing. An attorney for the 13-store chain did not respond to a request for comment,” Crain’s reported.
There’s also a note about “delays relating to the company’s efforts to sell” the 125th Street location in a New York State Department of Labor posting.