Friday, August 28, 2009

SHOP RITE WANTS TO OPEN SUPERMARKET AT MIDWAY

Shop Rite wants to open up a supermarket at the Midway SHopping Center on Central Ave (near Ardsley Road) The space is in the main building (formerly Linen “N Things) and they are utilizing both floors. More details to follow...

35 comments:

Feiner needds to update email /blogsitte said...

Paul thanks for updating on the one question abut what store wants to move in on Central Avenue but what about the other ?s i had.

As for Shoprite this would be great as we all have now is A&P on Central Avenue. I say A&P because Pathmark was bought by A&P in the last couple of years. Good Luck to shoprite hope theu move in soon.

One concern The site they want to move into is two levels are they going to use both levels?

Paul hope you answer my other ?s soon.

Anonymous said...

Can parking be accessed behind the store? If so this would be great.

The A&P on Central is too small and does not carry many items especially items on sale.
The Pathmark is a total disaster.
I would love to see ShopRite go in at Midway.

paul feiner said...

Paul,

This is Robert McGuinness from Midway. I want to clarify something on your previous email. The deal that we are working on with Shoprite encompasses only the ground level of the Linens n Things space, not the second level.

Anonymous said...

The greatest thing that could happen to our area to bring in some revenue.

I go to Shop Rite at least twice a week for their specials.
With the price of gasoline I now have to watch my pennies.
This store would be a welcome site in todays economy.

Anonymous said...

Mr. McGuinness,
Do you feel the street level parking lot can accommodate these new shoppers and their carts without causing a problem? Shop-rite will certainly draw more patrons than the other surrounding stores and more than Linen N Things did.
Too bad they are not going in on the 2nd level where there is separate parking in the rear, if I recall correctly.

Anonymous said...

Wow what a way to go but I'm sure the people that fought this proposal some time ago will be back again.

For once they should think about how their energy should be used to help the taxpayers .

Yonkers is doing very good with revenue and with all the traffic.

feiner needs to update emails/ blogsite said...

To anon 9:04 AM I feel that the parking would be adequate . Do not forget there was a gourmet store in that location as wll as a long tome ago a Finast was located where Panara bread is now.

I am concerned that our beloved Supervisor was not aware (LOL) that only one level is going to be used. As ususal He speaks before having all of the facts. Paul still awaiting answers to other ?s I posted on your original toopic about supermarket to Open on Central Avenue

Anonymous said...

I remember the gourmet market on the end of the strip. Too bad it didn't do well and left. I also remember the shopping carts all around when they were there. I hated to compete with them to get into the surrounding stores but they were all at one end.

Minor inconvenience of course, but personally, I tend to not shop in retail speciality stores anchored by grocers. ShopRite will be smack in the middle. That's just me.

Regardless, I'm all for it!

Anonymous said...

Too bad SR isn't considering the 2nd level instead of the street. It makes perfect sense if given the space is suitable.

Anonymous said...

LOL. "utilizing both floors"

Maybe one floor will house a town funded after school program or camp for Yonkers kids.

hal samis said...

A man, a plan, a canal, Panama.

A vacant space, a supermarket and we're off and running.

I have no problem with a food store at Midway. I'm sure it is needed. But...on the other hand.

Does anyone realize how SMALL the space is and what you're going to get is NOT a suburban size that residents are already familiar with and certainly NOT the trend to larger stores which offer a greater selection and WIDER aisles.

But I hope there will be a Public Hearing. I can't wait to see the Midway owners trot out their drawings showing all the greenery throughout the paved parking areas.
Whatever happened to that verdant
oasis as portrayed therein, not once but twice before the Town Board.

And, has anyone given any thought to deliveries even at a less than super supermarket? Food stores, hopefully, get more than one delivery a week for items promoted as fresh. When and where is this truck traffic going to star(t) treking?

And not to jump the gun, supermarkets bring more shopping center visit. This is more familiarly characterized as traffic.

The way this project should be handled is as a two story location with customer entrance** ONLY from the upper level so that shopping carts can create their havoc out of harm's way.

**A separate entrance/exit on the lower level with a "manned" and enforced express lane of ten item items only, no carts permitted. This will allow busy shopper to dash in and out; not create problems with shopping carts and provide some relief to adjacent stores who would bemoan a curtain wall and the loss of shopper traffic.

So, how about it?

Anonymous said...

The savings that the consumer can get in this one particular supermarket are the greatest.

There would be no reason for any of us to go into Yonkers shopping where the sales tax is some what higher.
I do hope that the town and and the interested parties can get together to make this happen.
The civic association should start thinking how much money this will generate to help with town taxes.
At this point we need all the help that we can get to keep taxes low.
The upper part of the store is big enough and the parking will be enough since there are two parking areas

Ellen Gerstein said...

http://www.nytimes.com/2000/10/22/nyregion/a-county-consumed-by-supermarket-envy.html?scp=2&sq=westchester+supermarket+leases&st=nyt

This article is as true then as it was now. The Linens and Things space is small for a ShopRite, as Hal points out.

shops around out of necessity said...

The savings that the consumer can get in this one particular supermarket are the greatest.

That will remain to be seen. A&P offers great deals on sale items but 9 out of 10 times the Central Ave store doesn't carry that item or stocks so little, the item is not available after Friday. It's space is used to carry ready made foods, sushi, soups and gourmet cheese/bakery depts. It knows it market. Convenience>frugality.

The reason for this is that the shoppers there mostly don't give a hoot about sales and the stores survival doesn't rely on it.
This leaves the struggling, penny pinching family no choice but to shop A&P on Tarrytown Rd, the filthy Pathmark or Stop & Shop in WP.

The other A&P on Knollwood is too small as well but a bit better with having sale items stocked than the Scarsdale location.

My point is that if the store is not large enough, it can not stock an abundance of sale items hence no substantive savings when you shop there.

Anonymous said...

Ellen:

TRUE! Westchester STILL has the worst supermarkets. Restaurants as well. Overpriced, mediocre at best, no selection.... I too make the trip to Fairway in Manhattan from time to time. Good selection, particularly produce, at reasonable prices.

I never understood why Westchester puts up with it.

Anonymous said...

What does Ellen GersteinK know.

Did you measure the place with a ruler ?It seems to me that you are a broker of some sort and you may have anothet location in mind. Could I be right.

Anonymous said...

Now Hal is an expert at supermarkets ... Where do his talents end?

Anonymous said...

What does Ellen Gerstein know?


12:51,
She knows what the NYT knows as do other shoppers in the area. Our supermarkets are TOO SMALL and lacking.

If I were a broker, with another space in mind, I wouldn't be soliciting Shop Rite, in a vague manner, on this blog. duh.

Hartsdale Home Owner said...

Where does Shoprite fit on the Morton Millions- A&P - Superstop&shop - Pathmark pricing continum? Forget the sales prices, because most of us don't have time to chase sales from store to store. All I know from my twice weekly food shopping for my family is that Pathmark (either location) is the cheapest by far. And that includes produce, which is abysmal everywhere in every Westchester supermarket chain.

Ellen Gerstein said...

"What does Ellen Gerstein know?"

Just what she read in an article in the Times.

I'm not a broker, not in the least.

Barrels41 said...

The new Shoprite will be 47,000 sq. ft. plus much of the basement. The total space shall be about 60,000 sq.ft. It shall feature a great deal of high quality fresh and prepared foods at very competitive prices.

It shall pay close to $400,000 in real estate taxes, hundreds or thousands more in sales taxes and provide employment and benefits for many families.

It will compete with Stew Leonard's, A&P and Pathmark. It will feature superior convenience and a complete supermarket product selection. Shoprite will offer unique fresh and prepared foods and specialty, fancy, organic and ethnic products not found in their older supermarkets.

hal samis said...

Dear Barrels,

How did you arrive at the assertion that the Shoprite will pay $400,000 in real estate taxes?
Is it a separate block and lot, taxed independently of Midway?

How did you arrive at the number 47,000 feet for just the ground floor? What are the store dimensions? The depth of the building can't be much more than 100' so that means the length must be 470' of frontage which I very much doubt.

If the total is called 60,000 feet which "plus much of the basement" that means there is 13,000 feet coming from the basement, is this to be used as selling space or storage?

It is the customers that pay sales taxes; I suspect that people have already been buying food/etc. at the competition and that another outlet will not result in a significant uptick in overall sales; especially since most of the items being sold are tax exempt.

Don't interpret me wrongly here; I don't object to another supermarket as I believe it is needed and will provide on balance a benefit to the community.
As usual, my position is that of Lt. Friday, "just the facts, m'am."

Anonymous said...

Thanks for articulating my exact thoughts Hal. There is sufficient justification for the Shop-Rite without inventing nonsense about tax revenues.

Barrels41 said...

HAL:

How does the landlord pay taxes if they don't have a tenant? Taxes in that area run $8-$10 sq.ft. Among the highest in the nation.

The basement is storage but pays taxes as part of the assessed improvement.

Greenburgh doesn't need more tax reduction hardship cases.

That's what owners get when they have vacancies.

Soon to come, a national commercial real estate debacle. Every financial expert is concerned.

Ratables down, services go down, your taxes go up your house value goes down.

It is already happening.

200,000 sq,ft, Fortunoff vacant, City Center Filenes' and Circuit City 120,000 sq.ft. vacant.

Vacancies up and down Central Ave. & 119.

Furniture sales down 40%.

Tenants demanding rent reductions.

Dow down 185 now.

Can't borrow and spend to prosperity. Those days are over. No one danced the Charleston after 1929.

Better learn a new dance around here.

My neighbors are moving to the south and west where they can afford it.

Michael Kolesar said...

Just to clear the air on one general micconception about sales taxes. All sales taxes collected in the Town of Greenburgh are pooled with all of the other municipalities except for the four municiplaities in Westchester that have their own sales tax surcharge, namely Yonkers, White Plains, New Rochele, and Mount Vernon. Every other municipality, whether it be a Village or the unincorporated portion of a Town, shares in the pot of sales taxes based upon the 2000 census for that municipality. Therefore, a Shop Rite that opens in Eastchester vs Greenburgh has no negative impact on the sales tax revenues for the unincorporated portion of the Town. Of course it might impact assessed values, if it is a new structure.

Anonymous said...

How does the landlord pay taxes if they don't have a tenant? Taxes in that area run $8-$10 sq.ft. Among the highest in the nation.

My property/school taxes are the highest in the nation. If my house sits vacant, I don't pay taxes?

I sure do and so does the Midway landlord.

Barrels41 said...

Commercial property assessments consider a capitalization of the income steam to determine value.

Your home assessment is usually based upon comparable sales.

Sales of commercial properties are usually based upon net income streams; present and projected discounted to current value.

Other appraisel formulas consider cost of reproduction less depreciation or obsolescence.

Appraisers and assessors can consider several formulas where they are appropriate.

The fact is commercial landlords with substantial vacancies usually are granted a property tax reduction.

The good news is commercial properties that are well rented pay heavy real estate taxes compared to homeowners and consume less services.

You vote in Town. Shopping center owners often don't. Your kids may go to school and benefit from school taxes and other services.

If you window shop on Central Ave. and buy on Ebay you contribute to the local recession. You won't buy groceries on line so a new supermarket is a winner for everyone.

If a new supermarket puts a small older one out of business replacement tenants are available even in a recession. For example pharmacy chains and apparel chains.

The supermarkets on Central Ave. are prehistoric by industry standards. Costco and Stew Leonard's are no walk around the block. The is minimal grocery retailing east of Central Ave. for miles.

hal samis said...

Dear Mr. Barrels,

I note that you don't respond to your misrepresentation of the size of a ONE level plus basement (portion) of the former Linens N Things store. I can assure you that eyeballing the frontage from Central Avenue, the store is no more than (at best) 125 feet and with 100 feet of depth, we are talking about a 12,500 square foot store, not 47,000/60,000 feet. Nor have you answered whether the basement portion is selling space.

What happened to Robert McGuiness of Midway (third comment from the top) when he is needed to clarify?
Hopefully for Shop Rite they are not signing a lease a paying for 60,000 feet -- unless there is something we don't know yet -- like whether the intended space includes the stores to the north of Linens as well.

In any case, if it should turn out that the story size is under 20,000feet, then size counts and prehistoric wins out. Just ask the folks at Gourmet Garage.

As to your rambling comments intended to regain your shot to pieces anonymous dignity, please note that Midway has already benefitted from Cert filings. And the Steinbergs like any other real estate owner with reduced income and substantial debt
(likely the taxes will be paid by the lender if it comes to foreclosure) they have varied options available to them on how to deal with reduced revenue and in this case I suspect the owners can sustain a prolonged "dark" store without too much discomfort.

As for vacant stores everywhere, unless the area is blighted stores can be rented -- at a price. The owner makes the determination whether to lower the rent to recognize "new" market conditions and since it is their property (now mine or yours) they are free to respond or not to the economy; a decision that affects their income stream over the life of any newly negotiated lease, not just a panicked response to last year, today or even next year. What may pose more of threat going forward is what happens when Ridge Hill opens (say two or three years hence) and how shopping patterns may or may not change. The threat (hear me Edgemont SD) is not the unlikely insolvency of the Midway owners but whether or not the property (the land) becomes tareted for the construction of multi-family housing or (think NYC avenues) residential over ground floor retail.

And Barrels (my suspicion is that you like me hold a Real Estate License but whereas I arrange financing on commercial properties I get the feeling that you are in leasing) the malarky that you are throwing out may work with owners you are soliciting but give us a break here.

(Hello 8/30 6:24, it wouldn't take Detective Double Dip much effort to have known this)

All in all, I suspect your posturing is self-serving. That or try the facesaver (if you'll permit the misquote): Perhaps you should have stopped after 42 barrels of beer on the blog.

Feiner misleads on Shop Rite said...

Feiner's press release promoting Shop Rite's desire to open at store at Midway does a disservice to the community because he neglects to mention that Shop Rite has applied for one or more variances, the granting of which may adversely impact neighboring residential property owners.

What you say? Feiner disregarding the rights of neighboring property owners?

One such variance concerns Midway's loading dock. Ask Feiner why he doesn't disclose these facts. Better still, ask the competing A&P up the street what happened a few years ago when it needed a variance for its own loading dock. A supermarket is a wonderful amenity but it must comply with the rules like everyone else. The problem is we have a town supervisor who doesn't seem to either know the rules or play by them. Ask the Edgemont residents living next to the Metz Reservoir. They'll tell you.

same old sheehanigans said...

oh, i thought the town made up the rules as they went along

Anonymous said...

Rules? There are no rules.

Now, let me get back to my Barilla pasta dinner. Pathmark: Pasta $.99, sauce $1.29. Cheap & filling. My kids are pretty sick of it though.

Cheers to all of you that don't have the time to shop around for sales.

hal samis said...

Those of us who do shop when on sale will fondly remember Barilla Pasta at Pathmark a few months ago @ 49 cents, and often @ 5/$4 although I never saw Barilla sauce as low as $1.29.

Anonymous said...

Hal the ingredients to make Barilla sauce are higher in price than the flour and eggs.

If Shop rite comes to our neighborhood we may see a lot of good prices .

Anonymous said...

I'm thinking about the jobs that could be had if Shop Rite does come into our area. I for one need a job desperately.

Anonymous said...

Go to the A&P on Knollwood RD. for a job. It seems they never have enough help.