Edgewood Bakery has been sold by Stache Investments to local restaurateur John Valentino, who will convert the property into a second location for his successful French Pantry brand.
Valentino has been at the forefront of the Jacksonville restaurant scene with ownership of Burrito Gallery, Mellow Mushroom, Uptown Market and French Pantry. Valentino purchased the original French Pantry in 2015.
“I am grateful to Stache Investments and their organization for their professionalism in getting this deal done and am very excited to be building on the impressive legacy of Edgewood Bakery to bring the The French Pantry concept to Murray Hill,” Valentino said. “This is a vibrant and important neighborhood that is already undergoing significant redevelopment. I am glad for the opportunity to contribute to this in a way that I hope will provide fans of both Edgewood Bakery and The French Pantry a unique and extraordinary experience.”
Edgewood Bakery, which opened in 1947, was purchased by Stache Investments in 2015. Stache immediately commissioned a complete renovation in 2015 with repairs and upgrades including the roof, exterior and interior paint, new showcases and espresso machines, signage, re-canvassed awnings, landscape maintenance and flowers, window treatments and more.
Stache Investments made the following statement:
“Our goal last year was to ensure that the Edgewood Bakery continued as a central part of life in the Murray Hill neighborhood. The reopening was very successful but the bakery business is clearly shifting, with consumers often now choosing to make bakery purchases anywhere from supermarkets to coffee shops to convenience stores. While the closing of the Edgewood Bakery is bittersweet, introducing a French Pantry at the same location will prove to be a major win for Murray Hill residents and the entire Jacksonville community.”
Gary Polletta, who has served as director of operations for the bakery, will play an important role in the transition. The Polletta family was a previous owner of Edgewood Bakery.
“This has been a very positive experience and an amicable transition for me and my family,” Polletta said. “My family and I have been involved with the bakery for 27 years, and we will always appreciate the experiences and many friends we made. We feel very good about John Valentino and his vision for the location. The corner of Edgewood and Post will still be the place to be in Murray Hill.”
The final day Edgewood Bakery will be open for retail business will be Saturday, March 12. All custom cake orders will be filled through March 31, and any outstanding cake orders after that date will be offered a list of options to satisfy their needs. All customers will be accommodated, Polletta said.
Valentino’s plan for the site will include investing significant renovation capital into the property before reopening as a French Pantry location. The opening date has yet to be announced.