By Sabina Mollot
Stuyvesant Town’s Associated Supermarket will be getting a lease extension, the property’s management said on Friday, although it isn’t clear how long this arrangement will last.
Associated’s owners have hoped to remain open once the 14th street store’s lease expires at the end of the year, even with a Trader Joe’s expected to move across the street.
“We are reassured by this agreement that the residents of PCVST will have uninterrupted access to a grocer as the retail food landscape is expected to change on 14th Street,” said Rick Hayduk, CEO and general manager of StuyTown Property Services. “The owners of Associated have been long-term partners of the community and we’re grateful for their cooperation through this process,” he added.
Stuy Town’s management would not reveal how long the extension is expected to last or other details about the agreement, which was reached on Friday.
Joe Falzon, a co-owner of the store, said, “My partners and I appreciate StuyTown Property Services’ approach and willingness to work with us as we set out to understand how the future changes on 14th Street will impact our business. We’re committed to our customers and employees and will continue to provide quality service and products as Associated has done for over 20 years.”
Falzon added that he was “optimistic” about the agreement even though he didn’t know how long the extension would be for. “The details are not worked out,” he said. “We were talking about it today. Right now it’s going to be beyond December 31. It’s good news for our customers and good news for us.”
The conversations are taking place three weeks after Morton Williams backed out of a lease it was close to signing for the space that’s been occupied by Associated for the last 25 years. Morton Williams bailed after learning that Trader Joe’s had signed a lease at the old Peter Stuyvesant Post Office site. Last week, as Town & Village reported, the ST-PCV Tenants Association wrote a letter to Blackstone asking the landlord to keep the Associated, arguing that Trader Joe’s is not a full-service supermarket. A petition the TA started in hopes of saving the store got 2,356 signatures from neighbors.
After hearing about the lease extension, Susan Steinberg, president of the Tenants Association, said that she was “completely delighted” to know that talks are taking place.
“We’re kind of hoping that the lease will be longer rather than shorter,” said Steinberg. “I know there’s no info about that but I hope they keep working together. We hear from so many people about terrific the store is and how wonderful the staff is, working with seniors, doing little favors for them.”