Azarian Addresses Future of Fieldstone Park Shopping Center Amid Stop & Shop’s Announcement of Closing
The Azarian Group, LLC, managers of the Fieldstone Park Shopping Center, addresses the recent announcement made by Stop & Shop that it will be closing 30 of its stores, including the location on 130 Skyline Drive in Ringwood, NJ.
“We understand the community’s concern over the loss of our longtime grocery tenant,” said John M. Azarian, CEO of The Azarian Group, LLC. “While the decision to close was made solely by the grocery chain at the national level, we are viewing this as an opportunity for positive change in the community. We are now presented with the chance to introduce a different store to the center, one that would operate as brand-new and would allow for further pursuit of updated renovations to the center as a whole.”
The introduction of a new anchor tenant will spearhead the center’s revitalization. A fresh retail concept will not only attract more foot traffic, but will also draw complementary businesses to the center and provide more diverse shopping and service options. Furthermore, change in regards to renovation is already underway at the property. It has been confirmed that Dollar General has committed to do a renovation of the store which will start in September 2024.
The Azarian Group is actively exploring a range of options to fill the space after Stop & Shop officially vacates. Efforts are being made immediately to fill the space as soon as possible with a use that will benefit the town. Meanwhile, Azarian’s Property Management division is putting in additional immediate efforts to beautify the property, which include pothole repairs, landscaping, and miscellaneous physical updates throughout the center. Updates that are in process right now include a septic system replacement and extensive roof repairs.
The Azarian Group is committed to engaging with the community and borough officials in a positive manner throughout the continued revitalization process. The Azarian Group appreciates the community’s patience during this transformative time and looks forward to unveiling a brighter, long-term future for Fieldstone Park Shopping Center and for the community.
