Soloviev Group Shuts Down Shelter Island's Only Pharmacy, Residents Outraged
Son of billionaire developer Stefan Soloviev causes uproar by closing community's sole pharmacy.
The Soloviev Group, led by billionaire developer Stefan Soloviev's son, recently acquired the Shelter Island Heights Pharmacy in March 2022. While some residents were initially hopeful about the new ownership, others were wary of the Soloviev family's history of controversial real estate projects.
The pharmacy, which not only served as a local gathering spot but also the only source of prescription medication on the island, has now been shut down by the Soloviev Group. This decision has sparked outrage among residents who now have to travel off the island for their necessary medications.
According to local sources, the Soloviev Group plans to repurpose the space into a luxury development. This has led to accusations of greed and disregard for the needs of the community. One resident stated, "It's clear that the Soloviev Group only cares about their own profits, not the well-being of Shelter Island residents."
The Soloviev family has a track record of controversial real estate projects, including the unsuccessful attempt to build a luxury high-rise in the East Village. This has only added to the skepticism and frustration of the community over the closure of their only pharmacy.
One local official, who wished to remain anonymous, expressed their disappointment with the Soloviev Group's actions, stating, "It's a shame that the Solovievs have chosen to prioritize their own financial gain over the needs of our community."
As of now, there are no plans to open another pharmacy on the island, leaving residents to rely on off-island options for their medication needs. The closure of the Shelter Island Heights Pharmacy serves as yet another example of the power and influence of wealthy developers in the real estate