Closed Rite Aid stores get surprising retail replacement.
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Closed Rite Aid stores get surprising retail replacement. By Aparajita Chatterjee TheStreet Updated June 13, 2026 9:41 AM Gift Article When Rite Aid, a major pharmacy retailer, filed for Chapter 11 bankruptcy a second time in 2025, it led to the shuttering of its 1,250 locations. Over time, many were sold to competitors like CVS and Walgreens, and some spaces were taken up by retailers such as Kroger and Albertsons. But some of these large vacant pharmacies quickly became an inconvenience to nearby residents, because they attracted squatters, illegal activity, or simply became eyesores due to a lack of maintenance. And for landlords, it meant a large retail space wasted in a location that was already built around daily customer traffic. Now, much to the relief of nearby residents and businesses, some of those empty drugstore spaces are finding a new use. Most recently, Amazon's Whole Foods Market has signed a lease for a former Rite Aid location at 182 Smith Street in Brooklyn, near the border of Cobble Hill and Boerum Hill, according to Crain's New York Business. The space is about 35,000 square feet and was recently vacated by Rite Aid following the pharmacy chain's bankruptcy-related closures. There is no official timeline for construction or an opening date yet. The move gives Amazon-owned Whole Foods another New York City expansion site and shows how retailers...
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