By Gus Saltonstall
A developer just purchased the Upper West Side building that houses one of the neighborhood’s two Gristedes Supermarkets for nearly $30 million, according to property records and as first reported by Crain’s New York.
Terra Developers, a Brooklyn-based real estate firm, bought 500 Columbus Avenue, between West 84th and 85th streets, for $28 million from CKMR Corporation, which was formerly known as Sloan’s Supermarkets, the city registry shows.
The five-story building houses Gristedes on the ground floor and then has four floors of residential apartments. The property also has a laundromat and a shoe repair business off the corner of West 84th Street, between Columbus and Amsterdam.
Gristedes has served customers at 500 Columbus Avenue for decades. The supermarket has another Upper West Side location on Broadway, between West 103rd and 104th streets.
It is unclear what Terra Developers plans to do with the property. The firm owns one other address on the Upper West Side at 214 West 80th Street. The property is a condominium building with just six apartments.
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Jeez. I remember Sloan’s! Also, if the Gristedes space on 86th off Broadway is anything to go by, if this Gristedes closes, it will be empty for years and years and years
prices are so high, should be renamed, “Greedstedes”
I stopped shopping at Gristedes a long time ago due to their high prices for everything. Other neighborhood stores are much better. I’m not sorry to see them go! Good riddance!
Real mystery how Gristeedes has managed to stay in business. High prices and poor quality is not a winning combination