Gristedes supermarket king pin John Catsimatidis’ Myrtle Avenue condo/supermarket project is stalled according to a report in today’s NY Daily News. Apparently, Catsimatidis was so confident at one point in the inevitability of the project’s completion that he demolished the neighborhood’s only supermarket to make way for construction. We found this passage in the Daily News piece particularly interesting especially given the current state of the Gristedes in question:
New York Daily News: Myrtle Ave. Condo/Supermarket…: Plagued from the start, the development project became even more controversial in 2006 after Catsimatidis razed the Associated supermarket on Myrtle Ave. to make way for the condo buildings, leaving residents without a grocery store.
There was a short-lived free shuttle bus that carted residents to a nearby Pathmark, but the service ended when local groups could no longer afford it.
Catsimatidis refused to feed the rival grocer’s business.
“We offered to give the free shuttle to our Gristedes store in Brooklyn Heights, and they said, ‘No, Gristedes is too expensive, we want it to go to Pathmark,'” said Catsimatidis, recalling a conversation with tenant leaders last year.
“That’s rubbing the grain wrong, for us to be paying to get them to our competition,” Catsimatidis added.