Tag Archives: Scheele’s Market

Photo by M.V. Jantzen.

The other day, Malcolm Peabody, the leader of the Save Scheele’s, sent out this update to supporters of the effort, updating the group on the future prospects of the corner store:

We are pleased to report that the new owner of the building, Jordan O’Neill, would like to keep the store and offer a new lease.  Contrary to what you may have heard, the Lee’s have no present plans to leave the store and are considering the offer of a new lease if it can be worked out.  Marilyn Melkonian, Peter Jost and I are assisting in the process to ensure that a grocery store remains on the premises for the coming years, preferably with the Lee’s as lessors.

Assuring the continuity of the store will require financial assistance from the community and we are working with both parties to achieve an acceptable solution, hopefully within the next few weeks, which we will report to you when sealed.

It’s been relatively quiet on the Save Scheele’s front for a little while. GM started even to hear neighbors wonder whether the sale was being held up due to the ongoing credit crisis. Much of this speculation was based on the observation that construction appears to have ground to a complete halt at Marc Teren’s other project, the Williams-Addison house. So today into that speculative void stepped a fresh update from Save Scheele’s leader Mike Peabody.

He wrote to the supporters:

The contract between Marc Teren and the Scheele trust is on hold pending an appraisal of the property. After many months of negotiation between the community and Marc,  we reached agreement for the continuation of the store for up to 25 years as long as it continues to be financially viable. In return we will be helping Marc renovate the store by paying him $75,000 which together with another $25000 for expenses we hope to raise from the community. We look forward to implementing that agreement if the contract between Marc and the Scheele’s goes forward and to a happy conclusion in the new year. Happy Holidays!

Congratulations goes out to Mike and all those that pitched in. While many questions remain over the future of the market and the role the Lee family will play in that, for now it is enough to celebrate that we will likely have a Scheele’s Market at least through the 30’s.

Yesterday, Mike Peabody sent around an update on his group’s efforts to save Scheele’s market:

As you may know, Marilyn Melkonian, Peter Jost and myself, assisted by Eric Rome (attorney) have been in negotiation with Marc Teren to continue the operation of the store for the next 25 years.

We are inches apart still in the wording of the agreement and hope to have it signed shortly.  It is discussed more fully in the attachment.

Once executed we must raise $75,000 prior to the closing to complete the agreement and we will be seeking pledges from you and others in the community who wish the store to be saved.  We have pledges in hand for some $25,000 from persons close to the transaction.

Hope to have a clearer picture soon.

Mike Peabody

Could a good old fashion Palio be in order?