News Blog for Seattle's Wallingford Neighborhood

 

Meridian Market space to get new grocery store

December 17th, 2010 by master

Since the demise of Meridian Market (2201 N. 56th St.), Tangletown residents have missed having a local grocery stop to pick up wine, milk or a fresh loaf of bread. Soon a new store will open in its place: 56th Street Market.

The owners of the new market, which bills itself as “Your friendly neighborhood food mart,” have applied for a beer and wine license, but we haven’t been able to get much more information. A tipster who works nearby said they’ve heard the store will open in a month or two.

What would you like to see available in the 56th Street Market?

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Meridian Market equipment auction on Thursday

October 20th, 2010 by master

After closing up shop in early September, it looks like Tangletown’s Meridian Market (2201 N. 56th St.) will be no more. Tomorrow morning all the equipment in the store will be auctioned off.

Anyone in the market for deli cases, an espresso machine, a panini grill, cash registers, or any of the other items you’d need to run a restaurant, coffeehouse or deli should stop by tomorrow at 10 a.m. for the auction (preview is 8 to 10 a.m.)

More details and all the items for auction are listed on the auctioneer’s website.

Thanks to Anita for the tip.

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Tangletown’s Meridian Market goes dark

September 2nd, 2010 by master

Thanks to My Green Lake for this story, by Amy Duncan.

The lights are off and the doors are locked at Meridian Market (2201 N 56th St).

The market has been a fixture in Tangletown for three years.  It has been struggling since last winter, and was officially put up for sale two weeks ago.  A craigslist ad lists the sale price at $250,000.

When I spoke with owner Wally Wright on August 11, he had no plans of shutting down the market before it was sold.  However, My Green Lake tipster Ann tells us that the market was closed on Thursday night, and horseknuckle reports that it was still shut on Saturday evening.

Phone calls to the market go unanswered, and a peek inside reveals groceries on the shelves and food in the deli case, but no employees in sight.

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Tangletown's Meridian Market for sale

August 11th, 2010 by master

Amy Duncan at our sister site My Green Lake wrote this story.

Tangletown’s Meridian Market (2201 N. 56th St.) is being put up for sale. Owner Wally Wright says that he will be meeting with a broker today (Wednesday, August 11, 2010) and a listing will be available shortly.

While the entire business will be for sale, Wally says that there is another scenario that may work: if someone is interested in purchasing just the food service aspect of the business (i.e. the deli), he could maintain the grocery aspect. “It really is an ideal situation for someone,” he said. “It’s turnkey. Everything is ready to go.”

Meridian Market has been struggling since last winter, when Wally first had to cut back on staff hours and product purchases. Since then, revenues have not gone up, and he has had less and less operating cash on hand to purchase new products to put on the shelves. As shelves grow more bare, customer numbers go down and the cycle continues.

The market has been a fixture in Tangletown for three years. As of now, Wally has no plans to shut the doors before the business is sold. However, starting today, he is cutting down on operating hours and limiting staff. The market will now be open every day from 11 a.m. to 7 p.m. Wally will focus on maintaining stocks of bread, produce, dairy, beer, and wine.

I asked Wally if there was any other information he wanted to share with the neighborhood. “Just tell everyone thanks,” he said. “Thanks for the support.”

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Meridian Market "in a bind"

July 8th, 2010 by master

We read this in the Wallingford Neighborhood Office‘s weekly email and wanted to pass along the suggestion, which was unattributed, that neighborhood residents think of Meridian Market whether they need to pick up one item or do a week’s shopping:

I am sure you have noticed that the Meridian Market’s shelves are rather bare. The Market is in a bind. The owner, Wally, has learned a lot about what works and what doesn’t work over the couple of years the market has been around. Unfortunately, some of those learnings came as the economy flattened. Sales went down and costs were still high. The result was that cash from profits dried up and the ability to re-shelve product dried up too. Now the Market is faced with a proverbial “Catch-22″. There isn’t much for customers to buy without product on the shelves. Without sales, there is no money to re-shelve product.

There are two things you can do to help the situation If having a neighborhood market is important to you. First, Go down to the market and load up your pre-pay card. Any amount will help and the more, the better. I really like having a market close by that I can send the kids to, that allows me to avoid getting back in the car (when all I need is a lime), and that offers another place to meet for coffee (and good coffee at that). I like the idea that I can run down for bread, good produce, a sandwich, or just a bag of tortilla chips and beer if more people show up than I had planned. If you have a similar list of what you like about having a neighborhood market, please go load up your card and help the market.

The second thing you can do is get the word out. I don’t know about you, but this internet thing is pretty popular. Email your neighbors and community. Get the word out to as many people as you can.”

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