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Oswego Bed Bath & Beyond Closing

Aug 17, 2016 03:55PM ● Published by Steven Jack

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ORIGINALLY PUBLISHED AUG. 17, 2016

Oswego's Bed Bath & Beyond is set to close in the coming months. 

A company representative confirmed Wednesday that the store will close by the end of this year. A sign in the window reads that most merchandise is currently 10 percent off. 

The closure will leave another large retail building vacant along the Route 34 corridor. Oswego's Lowe's store closed in 2011. Although Hobby Lobby did open its store in half of the old Lowe's location in 2013, the other half remains vacant. 

Oswego's Dominick's grocery store closed in 2013, and it also remains vacant. Reports surfaced last year that a "qualified prospect" was eyeing the former Dominick's location; however, no new developments have been announced in recent months. 

Village President Gail Johnson said Wednesday a national clothing retailer has shown interest in a portion of the old Lowe's space, and another clothing retailer has been approached about the Bed Bath & Beyond space. 

As for the Dominick's space, Village Administrator Dan Di Santo said because Dominick's parent company Albertson's continues to make lease payments on the building, there doesn't seem to be a sense of urgency from the landlord to fill it. Albertson's is also the parent company of Jewel grocery stores. 

"We will continue to pitch these three vacancies, however most tenants we talk to are looking for smaller sites directly on Route 34," he said. "We know that brick and mortar retail opportunities are faced with challenges given the continued rise of the online marketplace. Yet another challenge are the covenants and restrictions imposed on the vacancies that allow other tenants to approve or disapprove of new businesses locating to these sites."

 

Business, News

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