CityTarget, the big-box chain Target’s smaller store model, will find its first New York home at City Point, the 1.8-million-square-foot development under construction in Downtown Brooklyn.
First reported by the New York Daily News last Friday, the lease for CityTarget was signed over a year ago and includes 125,000 square feet of retail and storage space. A press release issued by Target noted that the location in Albee Square will target neighborhood residents, students and straphangers who use the nearby DeKalb Avenue subway station.
Mt. Sinai Hospital has inked a deal to open a dialysis center in East Harlem.
The community-oriented dialysis center will take 14,500 square feet on the fourth floor of 520 East 117th Street, more commonly known as the East River Plaza. The center will offer direct access from the parking garage and from internal vertical transportation.
Planet Fitness New York has chosen East Harlem as the location for its next New York City.
The fitness gym that has its eyes set on expansion into the New York market will take 14,500 square feet at the East River Plaza at 520 East 117th Street.
Nordstrom is reportedly close to signing a lease for a Nordstrom Rack at the Shops at SkyView Center in Flushing, Queens, which would give the company its first presence in the borough.
The Wall Street Journal reported that the discount division of the Seattle-based company is in “late-stage negotiations” to open a store at Read More
Target has confirmed plans to anchor Simone Development Companies‘ Throggs Neck Shopping Center with a 165,000-square-foot location at the intersection of Lafayette Avenue and Hutchinson River Parkway. The location will be the retailer’s third in the Bronx.
Intradeco Apparel has signed a lease for the entire 16,787-square-foot seventh floor at Normandy Real Estate Partners’ 1370 Broadway, The Commercial Observer has learned.
The apparel supplier will pay rent starting in the mid-$40s per square foot, according to data from CompStak. Asking rents in the building are approximately $50 per square foot, according to listings on TheSquareFoot.
Target is coming to lower Manhattan, the Commercial Observer has learned.
The company, traditionally known for its suburban retail super centers, will be opening a 24,000-square-foot office in Chelsea at 521 West 25th Street, Crain’s New York initially reported.
The deal also includes a 5,000-square-foot retail space at neighboring 511 West 25th Street for events and exhibitions.
Famous Footwear has inked a deal for a new location in the Bronx.
The national footwear chain has signed a deal for a 5,500-square-foot store in the Throggs Neck Shopping Center located near the intersection of Lafayette Avenue, Brush Avenue, and Hutch Service Road.
“The leasing velocity we’re seeing at Throggs Neck Shopping Center demonstrates Read More
It was a Los Angeles-based company inspired by Japanese shopping habits that brought pop-up retail to America. During a trip to Tokyo in 1999, Russ Miller witnessed the lengths to which the city’s famously voracious consumers would go to buy rare and limited-edition products.
Mr. Miller brought that mind-set back to L.A. with Vacant, “a retail concept and exhibition store” that would open shops only to close them as soon as they ran out of goods.
Discount retailer Target once again positioned itself as the funky anti-Walmart when it took over a 220-foot-long boat at Chelsea Piers for a two-week stay on the Hudson River that coincided with Black Friday in November of 2002. Vacant arrived in New York in February 2003, working with Dr. Martens on a pop-up space at 43 Mercer Street.
Patrick Smith is an executive vice president and principal of the retail real estate services firm SRS Real Estate Partners, which was spun off from Staubach when that company was acquired by Jones Lang LaSalle. Mr. Smith is a busy leasing dealmaker not only in the city but nationally and represents a host of large retailers that have been active in the market both here and around the country, including Dick’s Sporting Goods, Party City and Disney. With ICSC, the biggest retail event of the year, only weeks away, Mr. Smith weighed in on the state of the retail market with The Commercial Observer and discussed what he has planned for this year’s conference in Las Vegas.
The weekly phone calls. The dinner invites. The gifts.
When representatives from Walmart, the nation’s largest retailer, waltz into the New York Hilton for this year’s two-day International Council of Shopping Centers conference, many of the city’s most intrepid retail brokers will be close behind them, perhaps even plying those officials with compliments, dinner invitations and business opportunities.
The first Target store in Manhattan will officially open Sunday, at 517 East 117th Street, in East Harlem.
VIP shoppers got a preview Tuesday at a red-carpet event that attracted, among other celebrities, Jerry Seinfeld and his wife, Jessica. Ms. Seinfeld’s line of baby clothes, Baby Buggy, is sold in Target stores.
“Dear Read More