Met Foods Grocery Store on Smith Street in Boerum Hill to Be Demolished
A group of investors are in contract to buy the property at 205 Smith Street in Boerum Hill. They plan to demolish the Met Foods supermarket currently on the site and build a two-story retail building there, reported The Real Deal. The deal will close sometime in the third or fourth quarter. The property measures…
A group of investors are in contract to buy the property at 205 Smith Street in Boerum Hill. They plan to demolish the Met Foods supermarket currently on the site and build a two-story retail building there, reported The Real Deal.
The deal will close sometime in the third or fourth quarter. The property measures 10,000 square feet, which means there is plenty of room to build a big building that will attract a national retailer, said an exec at the Jackson Group, one of the buyers. The others were Aurora Capital Associates and ACHS Management. They are paying $18,500,000 for the property.
A real estate exec speculated the owners could charge $125 to $160 a square foot in the area, which is “relatively underserved” by retail, according to the Jackson Group.
Will you miss this grocery store?
Jackson Group, Aurora Capital Snag $18.5 Million Boerum Hill Retail [TRD]
Photo by Nicholas Strini for PropertyShark
This is the absolute worst news I’ve heard today. Brooklyn has been decimated.. Can’t wait for another obnoxious overpriced retailer to further whitewash the neighborhood. Sorry seniors, poor people, (or middle class for that matter) Gentrification is social cleansing and cultural imperialism.
Tearing down a 1 story retail building to build a 2 story retail building seems like kind of a waste. Why not at least 2-3 floors of apartments over retail?
You are on to something. Why isn’t a site like this given the zoning bonus to build some affordable housing on top? Why are we giving affordable housing bonuses to the dig developers building off in the Gowanus swamp just now. People, especially seniors, would rather be up on these commercial streets, not down by the canal.
I don’t have a car but I have teenagers that need to eat and that is my store for certain things like juice, water, and some staples. I use them because they deliver. Met has raised its prices on certain items (Near East rice, soy vey teriyaki for example) that they are more expensive at Met than at Union Market or Whole Foods. Recently, I’ve gone back to Fresh Direct.
We will have affordable housing but no affordable place to shop.
Yes, NYC grocery stores are generally pretty gross. Probably because they have a captive audience – in Chicago or Philly, people would just get in their car and go somewhere else. As far as the Met, this is/was our go-to but recently I’ve been discovering that this place is more expensive than Brooklyn Fare! Guess which is a more pleasant experience.
FAR is 2.0 residential or commercial. I’m guessing retail has more value than resi on Smith so they are maxing out with retail. They must be planning on one retailer because I can’t imagine who else would want second floor retail.
With nothing to eat we may all become frail waifs but we will all be able to fit into Lululemon yoga pants and with all the money we save on food we can just toss the yoga pants and buy another pair. Who needs laundry?
I could have written that myself. Los Paisanos and K&Y are key parts of my shopping routine. I’ve also noticed that quite a few items at Met Food don’t have ANY prices.
Maybe Mastellones will come back. Heh.