According to the Gothamist, John Catsimatidis, Owner of Gristedes, believes that rising rents will drive grocery stores out of New York City. Many Roosevelt Island residents may not mind if our own Gristedes was one of them as many have complained that their prices have long been too high (due to a near monopoly) and that many products at this location are stale and out of date.
If you are a resident of Roosevelt Island would you mourn a departure of current supermarket Gristedes? Granted Catsimedes is stating that he thinks all supermarkets could be driven out not just his.
The Main Street Wire reported in its September 8, 2007 issue that six local vendors just had their leases renewed by RIOC. I don’t recall any mention regarding the Gristedes lease in recent issue or how long their current lease has. It is felt and hoped that with the addition of the Duane Reade at Southtown that Gristedes will lower prices and increase its quality. We shall see.
But if this Gristedes goes I know some residents will not mourn its loss. The problem is whether RIOC could even replace it with another supermarket chain. That is a whole separate issue as a “full service” supermarket is a necessity on the island. Thank heavens for Fresh Direct.