Neighborhood supermarkets are a vanishing breed in New York City, and developers are having a tough time wooing them back.
Supermarkets snub developers
Several real estate professionals said operators of chain grocers are turning down offers for ground-floor retail space, particularly in new luxury high-rises and emerging neighborhoods.
A third of the city's supermarkets have closed over the past five years, many torn down for new construction, according to a recent Department of City Planning study, which declared a citywide shortage of at least 100 stores. Elected officials have called the problem a crisis.
Yet they continue to upzone neighborhoods and rubber stamp mega developments anyway. Great job. So glad you voted yourselves a raise.