The within ground of a Wegmans grocery retailer.
Picture by Aditi Shrikant
Wegmans Meals Markets introduced Thursday it is going to be opening its second location in New York Metropolis and its first in Manhattan, because it strikes into the outdated Kmart location at Astor Place.
The grocery chain with a cult-like buyer following mentioned it signed a 30-year lease on the roughly 82,000-square-foot location at 770 Broadway.
The shop is anticipated to open within the second half of 2023. Wegmans opened its first New York Metropolis location within the Brooklyn Navy Yard in October 2019.
The deal was brokered by Ripco Actual Property, whereby Wegmans signed an settlement with Sears and Kmart proprietor Transformco to purchase out Kmart’s lease at Astor Place. The grocery store has entered into the long-term lease with property large Vornado Realty Trust.
“Wegmans is one in all a sort and will likely be a best-in-class addition to Manhattan, each for the native neighborhoods and as a vacation spot for residents from throughout the island,” Vornado CEO and Chairman Steven Roth mentioned.
The shop was the final Kmart left in Manhattan when it shut its doorways unexpectedly this month.