A prolific local restaurant group has added to their holdings in the Malvern Gardens section of the city.
The Giavos family, headed by Johnny and Katrina Giavos, has purchased the former Lafayette Pharmacy building at 1011 Lafayette St. for $1.5 million.
The family has more than a dozen locations in its portfolio of local food spots, including Stella’s Grocery, which has six locations around the city, including one next door to the old Lafayette Pharmacy at 1007 Lafayette St., and Stella’s restaurant across the street at 1012 Lafayette St. They also own Kuba Kuba, The Sidewalk Café, Galley, and Continental Westhampton and Continental Manchester, among others.
Johnny Giavos said he doesn’t have any immediate plans for the pharmacy building. He added that he’d like to use it as a production kitchen for Stella’s Grocery’s prepared foods, but at 2,400 square feet it may be too small.
“Once it gets gutted we’ll be closer (to knowing),” Giavos said. “Until then we don’t know what we’ll do with it. We won’t get into the building until March.”
Lafayette Pharmacy had operated in Malvern Gardens since the 1980s but closed last fall when owner Melvin Fitzgerald retired. Fitzgerald was the seller in the recent deal, which closed Dec. 15, city records show. The property was most recently assessed by the city at $390,000.
The Giavoses are already their own landlord on Lafayette Street. In July 2021 they bought the Stella’s Grocery building next door for $1.26 million, and they’ve owned the Stella’s restaurant building since 2013 when they bought it for $580,000.
Last year they closed their longtime Northside eatery Kitchen 64. That building has since been taken over by Brick House Diner, which is planning to open later this year.