Second Store updates and information

Second Site Advisory Committee (SSAC) 3/31/09

The second retail site Owner input committee has continued to review a list of potential sites—this list started at 27 and has been narrowed to 10.

Second store update - 9/12/08

At this time, I don't have any news to report; we're still negotiating with the receiver appointed by the bank to oversee Metro Place, Phase II. I just wanted to let you know the status of the project. When there are any developments, I will be sure to announce them on our website, in the information station in the store and in our newsletter.

Second store update - 6/24/08

On June 19, Board President Renée Lauber, Ann Smith of Michael Best & Friedrich, LLP (our legal counsel), Jim Bower (Development Services Consultant), and I met with the Michael Polsky (who was appointed receiver of Metropolitan Place, Phase II) to discuss the offer that was made by the Co-op for MPII on May 6.

Second Store Update - 5/19/08

Metropolitan Place Phase II is one of three places currently under consideration for a second store site. One requirement of any new deal that we would agree to would be that Buckingham LLC (the developer and our landlord under the previous lease) would not be our landlord.

Willy Street Co-op Ending Relationship with Metro Place

This morning we terminated our lease with the Metropolitan Place II site, after the unanimous vote by the Board of Directors. This was a difficult decision to reach, but the ongoing costs (which appear to be extremely difficult if not impossible to recoup) make continuing to pursue this site a financial risk to the health of the Co-op. Check out our FAQ page

From Board Vice President Steve Silverberg (3/5/08)

A letter from Board Vice President Steve Silverberg about where we've come and where we are going in regards to the Downtown Store project.

Update on Downtown Store (2/28/08)

Buckingham has succeeded in its request to change judges in the receivership proceeding. The case has been assigned to Judge Niess, and the bank is trying to get on his calendar for a hearing. At this point, I do not know if that will occur within a week, or much later - that depends upon the judge's current calendar and commitments.

--Anya Firszt, General Manager

Downtown store project 02/26/08 update

Update on Downtown Store (2/5/08)

The bank that was funding the Metropolitan Place II project is recommending foreclosure on the project. The developer has 20 days to respond as of 1/31. We are still working with the developer in hopes of resolving the issue and opening a store at Metro Place. The Board's Finance Committee will meet on Tuesday (2/11/08) to discuss possible next steps.

Downtown store project 01/21/08 update

Recent letter concerning the bond drive postponement.

Look here for answers to frequently asked questions concerning the Willy Street Co-op opening of another store.

If you have any questions or comments please send them to , an e-mail set up specifically for this forum.