Having lost its 800-square-foot space in Grand Central Terminal’s Lexington Passage, Starbucks will be moving across the street. The coffee purveyor has signed a 15-year lease for a 1,300-square-foot retail space at 425 Lexington Avenue, Commercial Observer has learned.
Starbucks closed its Lexington Passage location earlier this month after losing out to Cafe Grumpy in the Metropolitan Transit Authority’s RFP process. The MTA has shifted its focus away from national chains and toward locally-owned businesses. Read More