Tedeschi to Close on Thayer

Shoppers on Thayer Street were surprised this week to learn that Tedeschi Food Shop, a fixture on the street for years, has lost their lease and will be closing at the end of October according to a sign posted on their door. Inventory is not being reordered in anticipation of the approaching closing. An official comment is expected from the store shortly to confirm the store’s departure and final dates of operation.

The real estate broker involved in putting the deal together, Peter Scotti and Associates, was unwilling to confirm the specifics of the transaction until the actual closing, which is anticipated “before the end of the year.” He did say the building will likely be part of a future development project, that it sold for a “big number” and that despite rumors to the contrary, Gilbane is not the purchaser. Bob Gilbane has proposed a large four-story apartment building that will encompass the adjoining block bounded by Thayer, Euclid, Brook and Meeting Streets to the north of Tedeschi.

We’ll share details with you as they become available.