DETROIT (WXYZ) — Eastern Market Seafood Company will close its doors at the end of the month after nearly half a century in business.
According to the business, longtime owner John Janevski will retire from the company that was run by his father before him.
The building at 2456 Market St. will close on Feb. 29 after 45 years, and the building was sold to FIRM Real Estate and its owner, Sanford Nelson, who owns several other buildings in Eastern Market.
Plans are underway, according to a firm, to make necessary improvements to the building and then bring in new owners to continue a seafood shop in the same space.
This is the latest of closures in Eastern Market, which included Russell Street Deli, Mike's Coney Island and Mootown Ice Cream.
According to FIRM, it's expected to take six months to bring the building up to code, which can't be done while occupied. They also plan to use the second floor – which hasn't been used in 40 years – for food production and event space.
“Our goal is to make much needed renovations to preserve this property and ensure that the seafood business lives on to serve the community,” Nelson said in a release. “Our vision is to bring these deteriorating properties up to a safe state for new tenants.”
They expect to announce new plans for an owner and opening date when renovations are near completion.