The days of wine and roses are over for JV Wine and Spirits after nearly 30 years in Napa. The liquor store will close in early May, said Chris Vallerga Burns, Vallerga’s vice president.
“The main reason the store is closing is because of the economy,” Vallerga Burns said. “The lease is over and we are going to close the store.”
A new home was not an option for the business, Vallerga Burns said. “Unfortunately, we just don’t have the resources to move.”
Vallerga Burns initially said the closure followed unsuccessful efforts to negotiate a new lease, but withdrew that statement a short time later, saying she had been misinformed.
JV’s landlord, Todd Zapolski, said he would have been happy to continue to have JV as a tenant. “We are not forcing them to close,” Zapolski said Wednesday afternoon. “If they wanted to stay ... it would require a new lease” and those terms had not been negotiated, he said.
“It’s a strong corner; we’d like to find a tenant,” Zapolski said. He would also consider selling the property, he said.
The developer bought the building at Silverado Trail and First Street in 2009.
Vallerga Burns said that Vallerga’s market on Redwood Road is being remodeled and will offer an expanded wine and liquor selection.
Ten employees at JV Wine and Spirits will lose their jobs, she said.
The business, which previously operated at another nearby address on First Street, is almost 30 years old, Vallerga Burns said. “We’re sad. We want to thank employees and community,” she said.
Competition and the recession had cut into sales at JV, she said. “Everybody sells wine and liquor now,” she said. “It’s not like it used to be.”
“We saw a decline in our sales every single year” since the recession began in 2007, she said.
The store will hold a sale after Easter, she said.
In 2009, Zapolski said he acquired the property, which sits across First Street from the proposed Ritz-Carlton resort hotel, for less than $1.8 million.
The one-acre site at 301 First St. was sold by Campos, Campos, Alonzo and Ritchie LLP, according to Strong of Hayden Commercial Real Estate, which brokered the sale.
The corner of First and Silverado is part of the emerging Oxbow District, anchored by Napa Valley Wine Train, Oxbow Public Market, the Westin Verasa resort and the closed Copia food and wine center.
In 2009, Zapolski said he anticipated further development for the area following more flood control improvements, new owners expected for Copia, and a possible Ritz-Carlton resort across the street. “Two to three years from now, that area will be very different,” Zapolski said at the time.
Originally approved in 2008, the planned 351-room Ritz-Carlton resort — a property that includes the former JV site on the north side of First — remains undeveloped.
JV Wine & Spirits has been at the busy corner since 2007. From 1992 to 2007, the parcel was home to a sister business, Vallerga’s Market.
Zapolski is a former partner with Leslie Rudd in the real estate and development firm Zapolski+Rudd. Today, he runs a separate enterprise in North Carolina but has a presence here. He is working on a deal to buy the Napa Town Center.