Associated will get a lease extension, how long unclear

Stuyvesant Town’s Associated Supermarket (Photo by Sabina Mollot)

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.”

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9 thoughts on “Associated will get a lease extension, how long unclear

  1. Commercial leases don’t happen overnight, so when Morton Williams backed out it started the process over from the start. I have no doubt that Associated will still be out once a new lease is signed with someone else.

  2. “The owners of Associated have been long-term partners of the community.” Oh, now Rick tells us. I thought Blackstone was going to say good riddance to this long-term partner. What happened?

    • Karma came back to bite them in the rear end! I hate that Rick is giving all this sweet talk about Associated’s place in the community yet they were ready to show them the door 2 weeks ago. Does Rick really think we’re that dumb?

      • Yes, Rick really does think we are that dumb. They would have kicked Associated and its employees to the curb in a heartbeat to squeeze more money out of the space, but the plan didn’t go the way they thought it would. Anybody who thinks that Rick and Blackstone do anything, as in anything whatsoever, out of a sense of decency has to be as stupid as stupid can be.

  3. OMG! I am so happy that Associated is staying with us. I love that store. It’s not perfect, I know, but I’ve never come across a grocery store that was perfect. Associated is an absolute godsend for tenants who have mobility issues and/or are getting on in years. They stay open late, take orders over the phone and deliver with a smile. Gristedes is not handy for those of us on the 14th Street side of the property and they price gouge like crazy. MW on 23rd and 2nd is just too far away and even if you can carry your groceries home from there (which I can’t) the raw foods have pretty much cooked themselves by the time you get home.

    I realize it was a business decision, rather than an altruistic decision on the part of Blackstone to keep Associated in situ, but I don’t care why they did it. I am just glad that they did!

    • I agree with what you are saying in terms of it being a godsend, but at the same time you need to still prepare for its eventual closing.

      I’m convinced that Associated will not be in that location on 1/1/2018, but I hope I’m wrong. Also, I like the timing of this “good news”…. comes out less than 24 hours after management dropped the ball with the security deposit fiasco. This was all to save face.

        • Stuy Town (not PCV) tenants received mail from Chase telling them that the tenant needed to mail in a bunch of information (sensitive) for their deposit to get changed from Citibank to Chase. The letter threatened a $50 penalty if said paperwork not received by a certain date.

          Not a peep from management about this change until people took to social media to question the validity of the notices. With all the scams and identity theft going on, it was crucial in this case for Rick to inform tenants of the change before the notices went out.

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