7-Eleven is Closing Down After 5 Years on Grand Street

Posted on: August 14th, 2018 at 5:00 am by

On the Lower East Side, one chain breaks as two more are forged.

Word on the street is that the Seward Park franchise of 7-Eleven is folding. A tipster sent along this image showing the fire sale of 75% off goods in-store at 403 Grand Street.

Charles H. Greenthal (management) confirmed that it’ll close on August 31. We’re told that corporate guaranteed the first five years rent on the decade lease, and the co-op negotiated an early termination fee of $174,000.

No immediate word on reason for closure. Perhaps the closure is influenced by impending competition from both Target and Trader Joe’s just across Grand Street at Essex Crossing.

This 7-Eleven location caused quite the stir amongst locals. It all started in May 2012, when the co-op board, which owns the retail strip, was on the verge of inking a ten-year lease. Residents rebelled, arguing that there was little benefit to hosting this national chain here. Ultimately the board approved, and after fifteen months of community drama and construction, finally opened at 403 Grand Street in August 2013.

There is one other Lower East Side outpost, though. Just a few blocks north on Delancey Street.

Recent Stories

The Year of the Rat Scurries In

It’s the Year of the Rat! This week marks the 21st year of New York City’s Lunar New Year celebration, and no doubt the organizers are scurrying around in preparation for a veritable smorgasbord of festivities. As in years past, the festivities will kick off with the explosive Firecracker Ceremony Saturday morning at 11:00am (January 25) […]

Public Hotel-Adjacent Condo Ascends 4 Stories

The north end of Chrystie Street continues its gilded march toward luxury. Despite the scruffy park at its doorstep. Owner-developer KD Sagamore, which scooped up 199 and 201 Chrystie over the last several years for a combined $20 million, filed for re-development back in December 2017. The plans included merging both parcels into one tax lot, […]

Fat Baby Replacement Evicted Before Ever Opening

The Fat Baby space is again up for grabs. Eviction papers were taped to the door last week, indicating that the latest proposal for the Suave Bar and Restaurant is dead in the water. Suave was the third suitor in the last year for 112 Rivington Street. Principal Erinson Salce (of Sahara East on First […]

Christopher Marte Launches City Council Campaign for 2021

Christopher Marte is jumping back into the City Council election ring. With three-time Councilmember Margaret Chin terming out next year, the local politician is looking to capitalize early on the District 1 seat. Essentially building on the momentum he created during the 2017 election that gave Chin a run for her money. (The incumbent squeaked […]

The Delancey Street ‘Rainbow’ is No More

Discount retailer, Rainbow, is no longer part of the Lower East Side landscape. The longtime store at 110 Delancey Street is now closed up for good. Employees told us back in October that the lease expired, and wasn’t renewed. This particular store had been at 110 Delancey for well over a decade. At one point […]