Wednesday, July 21, 2010

Walgreens Developer Ran Out Of $, Delayed Project

  
WHEC-TV reports: It’s been weeks now since there has been any work going on at Walgreens project in Greece.

The store is at the corner of Long Pond and West Ridge Road. Today, News 10NBC learned work on the project, which has been stalled for weeks, will begin again in about two weeks. Work ceased on the project because the developer ran out of money. This information is coming from a managing partner of the Hart Lyman Companies. That’s the company that bought out the original developer, HDL Property.

Guy Hart told News 10NBC his company is infusing hundreds of thousands of dollars into this project to get it finished. It just put a million dollars into the Walgreens at Mount Read Boulevard. told News 10NBC his company is infusing hundreds of thousands of dollars into this project to get it finished. It just put a million dollars into the Walgreens at Mount Read Boulevard and Maiden Lane. It is now finished and has been bought by Walgreens. Hart says HDL Property became insolvent, so parts of it were sold off and what was left became part of the Hart Lyman Companies. Merchants and residents say the delay has been disappointing.

Hart says his company, which is based in Syracuse, has completed $70million in development work in Rochester and is committed to this area. He says workers are on deadline to have the store completed by October, in time for the holidayshopping season.

SCATS ~~ The Greece Town Board had to approve extending the application for construction on this project even BEFORE work began! That was several YEARS AGO! Did it ever occur to anyone that maybe Greece doesn't need another drugstore? How long before we are confronted with a slew of empty, closed down drugstore buildings due to approving too many?
 

32 comments:

Anonymous said...

Maybe this one is closer for Augie to get his Dementia prescriptions refilled or should I say filled?

Mr. Flufy

SCATS said...

Now, now 9:29AM! If he were taking any meds, they certainly aren't working ;)

Anonymous said...

We do provide him with a car and gas and insurance 24/7 so he has a way to get there, if he can get to the Y he can get to Walgreens.

Anonymous said...

And to the bank.

Anonymous said...

I do not believe we want the town determining how many drug stores we need.
If someone wants to put up capital to build another one, so be it.

SCATS said...

To 11:22AM ~~ If you like vacant buildings, you're probably correct.

Anonymous said...

There are only so many folks in Greece. When a new store opens (grocery, drug, clothing, etc) an old one closes.
Look up inelastic economic theory...society doesn't increase demand or consumption merely by increasing stores. In other words: you cannot increase sales taxes by adding stores that simply sell the same products in a new store.

Anonymous said...

I'm not sure if this is the same developer, but the same thing happened to a Walgreen's on Old Ridge Rd. in Webster. The thing just sat there for over 6 months, outside completed and inside empty, before it opened.

SCATS said...

To 12:50PM ~~ Not always true ... two Aldi's stores opened in Greece and we still have two Tops stores and 4 Wegmans. With the exception of the Tops Elmridge store which had troubles before Aldi's came, I think they are all doing fairly well.

To 1:15PM ~~ Thanks for the reminder. I had forgotten about that situation.

Anonymous said...

Walgreens has been having financial trouble down south. These stores may turn out to be like the brand new Eckerd sore on Maiden and Dewey, open for a couple months, and then left empty. The Town really should do their homework before allowing this stores to build. But, what can you expect from this bunch..

Anonymous said...

To 11:22 Consider the Dewey Stone intersection. Yes we really needed that Eckerds at the plaza where the Olympia restaurant was. Now we have a vacant store, vacant catholic school, unused for education public school, vacant gas station, and vacant corner of shops where the tax and chinese take out were. Isn't the salvation army gone from that area too. But you can get caught in an armed robbery at the dollar store or kwik fill in the same area. There is a nice little mini park with bench at the corner where you can meditate since the psychic store has left too. Looking very ghetto there, neat and empty and deceivingly safe looking. But do not walk there. That is the area where the woman was accosted and there never was a followup. Right at the corner near the church.
And considering Long Pond Ridge. Since when do developers get to start work on something in the town without the capital to complete the work? Are they fined for letting the unfinished project sit? Did they run with the rest of the borrowed money for the project? Is the massage parlor where the shooting happened by the off duty cop picking up his "massage therapist girlfriend" still operating behind that property in the lower back section?

Anonymous said...

Walgreen's local builders have been known to use substandard and underpaid labor too

SCATS said...

To 3:04PM ~~ A typo that works? "brand new Eckerd sore" :)

To 4:14PM ~~ Vacant buildings are similar to graffiti. Leave them to become eyesores and things start to deteriorate. Them them longer, and you've just created a new area where crime rules.

Anonymous said...

Hey!
Mind your own business.
Me an the boys make good money scrapping them new air conditioners on the roofs of these stores.

Its a win win situation. The town gets permit fees & more taxes and the boys get scrap.
Otherwise the gang might have to go back to mugging.

Anonymous said...

I heard from a prominent store manager at the Dewey/Stone area that development is on the upswing:

The small plaza where the new Perry's Pizza has replaced the former "Mr. Shoe's" has all the vacancies sold (don't know what they will be, but the whole plaza is filled up..or will be, let's say).

The old Gulf Gas Station that closed down will become a HESS MART.

And the old Eckerd Bldg on Stone was supposedly sold to become "some kind of dollar store" (not knowing the exact name...although if you were to "research" said bldg...it would show "not sold"). But store mgr's can get the low-down more so as they are part of what's actually going on around them.

And Big Lots....lo and behold...now has banners saying "OPEN DURING CONSTRUCTION". (See---this is the kind of stuff you never get to read in the Greece Post until AFTER it happens ;).

SCATS said...

To 1:05PM ~~ Thanks for the update. On Sunday, I saw no banners at Big Lots, but I did notice some of the potholes had been paved.

Anonymous said...

...oh yeah, forgot to add: 3 more new bus stops will be implemented along the corridor for the anticipated bus runs.

SCATS said...

To 1:49PM ~~ So now the city gangs will be able to attend NGN meetings & activities?

Anonymous said...

...I thought they were already running the organization...:/

on a side note: too bad that psychic store closed...no doubt selling the wrong goods. Need to open up a store to sell the "protective inflatable doll companions" for safety in numbers :D.

Anonymous said...

I don't know why they bother with a Hess mart- why not go all out and put in a car detailing shop like "Pimp My Ride"...seems they'd get more business.

SCATS said...

I just returned from the Northgate area. I drove through Northgate Plaza since I was so close. There were NO such signs at Big Lots. Not a single one.

On my way out of the northern exit of the plaza, three men with beards, longish hair and each pushing an over-loaded cart were training through the plaza. They looked as if they might be homeless.

Anonymous said...

Well they were up...several people saw them and reported the same thing...also up was a Widewaters construction sign. Maybe they're jumping the gun a bit? Isn't it Aug 1st that was reported where Greece gets the money for Dewey corridor renewal? (as reported from past Greece Post).

Anonymous said...

...the homeless guys were probably the beginning of the employee exodus from Big Lots :/

SCATS said...

To 3:55PM ~~ Reported to whom? Where? A few months back a Big Lots employee told me they have the lease through the year's end.

Anonymous said...

I say "reported" as meaning an exchange in conversation between some folks...like "did you see the sign over Big Lots?" etc. while they were driving by.

...like I believe anything Big Lots has to say :/...OR the town, for that matter.
...maybe that's why the confusion over the sign "open during construction"...lolol.

Anonymous said...

Didn't what's-her-name from the 1st ward 'report' a few months back "construction will start in a couple months"?....I rest my case.

Someone should ask Radio Shack or Hallmark or even McD's-I would but don't have the time to run over there.

SCATS said...

To 5:21PM ~~ Maybe Shannon O'Keefe included the pothole patching in "construction"? When I asked the question at McD's awhile back, the kid asked me "Want fries wit dat?"

Anonymous said...

Did I miss something? Why is this such a big (or even a little) deal?

SCATS said...

To 6:06AM ~~ If you are asking about the Walgreens store then the answer might be because it's been many years since they first got approval by the Greece Town Board to build the Ridge Rd/Long Pond store. They dragged their feet so long that their original application expired after 2 yrs. so they had to get approval a second time. Once they started, the developer ran out of money causing more delays. I don't know about you but demolition and construction are things I don't enjoy looking at for several years at a time. Either they are going to pee or they need to get off the pot.

Anonymous said...

Sorry for the delay, but I don't get on here but wanted to revisit to give you more of an update:

The reason things were held up last year at Ngate was because McD's DIDN'T want to close for a month and lose business at the end of the year...so they told Big Lots to sign for another year. Now all systems are GO.

The Eckerd Bldg is indeed sold (as Andy Conlon finally researched it to see property was sold but company doesn't have to reveal the name for 30 days)---gee, this after being told the news!! He could be doing the same thing I do...go talk to store owners, for crying out loud.---get to know your "neighborhood"...duh.

Dollar Tree wanted Eckerd Bldg but was told "too late, already sold".

Construction is indeed taking place..we just can't see it (they're tearing down asbestos now).

And Big Lots....after October they will be having their CLOSE OUT ON THE CLOSE OUT PRICES SALE til end of year.

And Walgreens Maiden/Mt Read is finally open!

SCATS said...

To 4:49PM ~~ So we don't know WHO bought the drugstore? Could it be Big Lots? If not, where will they move to?

Anonymous said...

The previous manager who told me it was sold said "it's 'some kind' of dollar store"...but couldn't recall the name.

I'm thinking Family Dollar is going in there...they like BIG places (like at Dewey/Driving PK) and the one down near Latta is waaaay too small and cramped.

I figure Dollar General is ok right where it's at..it's large enough.

Word had it at one time that Big Lots was thinking of moving into Wegmans Britton after they vacate...but then Big Lots never knows what they're doing.