795 Columbus Avenue
We wouldn’t dare suggest it’s not worth the trek to Yonkers in search of HomeGoods‘ line of chic yet affordable home décor, but thankfully that will no longer be necessary. The discount furniture chain will open its first Manhattan location at Columbus Square early next year.
The Massachusetts-based retailer has signed a 10-year deal for 5,732 square feet on the ground floor and 20,671 square feet in the basement at 795 Columbus Avenue, between 98th and 99th streets. It should fit right into the rapidly developing retail and residential area, with a strip mall aesthetic but all the essentials of Upper West Side life, including a Whole Foods, Crumbs, Sephora and TJ Maxx (part of the same company as HomeGoods).
HomeGoods, with 300 locations around the country, will have pretty much a lock on the big-box furniture store market in the area, except for a Raymour and Flanigan on 66th Street, the press release said.
“As we began marketing the project, we were acutely aware that a furniture store would be needed at the development,” Kelly Gedinsky, of Winick Realty Group, who represented the landlord along with Lori Shabtai, said in a statement. “We are delighted that HomeGoods will compliment [sic] the spectacular retail tenants already in place.”
Winick would only say the asking rent was “in line with other high-traffic retail corridors.” Rents in the area range from $125 to $225, according to a recent REBNY retail report.
Peter Ripka of Ripco Real Estate represented the tenant.
News of the deal was first reported in Crain’s.