43,000-square-foot Target store headed for Herald Square

Posted On Mon, March 20, 2017 By

Posted On Mon, March 20, 2017 By In Midtown West

Big-box retailer Target is opening its newest store across from Macy’s in Herald Square. The store will be the anchor tenant of a 92,000-square-foot retail complex owned by Empire State Realty Trust that will offer more of the usual suspects, in this case Sephora, Swatch and Foot Locker, all behind a new Studios Architecture-designed curtain wall, according to the New York Post.

Steep rent–$1,000 a square foot compared to the $27 a square foot longtime tenant Foot Locker once paid–mean ground-floor tenants need to be confident the spot will bring in dollars. Upstairs, office tenants will include Macy’s and the Michael J. Fox Foundation. Set to open in October, the store’s apparel section will tempt from the 34th-street entrance across from Macy’s, and a second entrance will offer a CVS and snacks.

Though the expected square footage may seem huge, it will in fact be one of the mega-chain’s smaller stores, similar to the Tribeca Target at 255 Greenwich Street; the company’s suburban strip mall stores–where the bulk of their profit is made–are generally well over 100,000 square feet. The smaller stores represent a way for the company to operate in dense, high-traffic urban areas like Herald Square. Another such location, even smaller, is on the way at developer Gary Barnett’s 400 East 14th Street; another is headed for 615 10th Avenue in Hell’s Kitchen. Opening dates for those stores are planned for 2018 and 2019, respectively.

The new stores are part of a recent expansion throughout the five boroughs; in addition to the new locations mentioned above, new stores are on their way to Midwood and the City Point development in Downtown Brooklyn. The latter outpost will be one of the smaller, urban-focused stores, also sharing a space with Foot Locker and Sephora.

[Via NYPost]

RELATED:

Renderings courtesy of Target.

Tags :

Neighborhoods : Midtown West

MOST RECENT ARTICLES

  • Brooklyn cheesemongers to open their underground 1850s brewery tunnels for one night

    Brooklyn cheesemongers to open their underground 1850s brewery tunnels for one night

    Thirty feet below street level, Benton Brown and Susan Boyle of Crown Finish Caves age their deliciously moldy wares in ...
  • Explore historic LGBT sites in NYC with this interactive map

    Explore historic LGBT sites in NYC with this interactive map

    To broaden people’s knowledge of the lesbian, gay, bisexual and transgender community’s history in New York City, the NYC LGBT ...
  • ‘Cash Cab’ will return later this year; Paul Manafort’s shady NYC real estate dealings

    ‘Cash Cab’ will return later this year; Paul Manafort’s shady NYC real estate dealings

    New York-based designer (and 13-year U.S. citizen) Karim Rashid said he had a “crazy journey” getting by US Border Control at JFK. ...
  • ‘Fearless Girl’ statue will remain on Wall Street for another year, but officials say that’s not enough

    ‘Fearless Girl’ statue will remain on Wall Street for another year, but officials say that’s not enough

    Image via Metro / Getty The drumbeat for making the statue of Fearless Girl a permanent fixture in Lower Manhattan ...
  • Investor flips Trump’s childhood home for double what he paid, likely selling to Chinese buyer

    Investor flips Trump’s childhood home for double what he paid, likely selling to Chinese buyer

    When Manhattan real estate mogul Michael Davis bought Donald Trump’s childhood home sight-unseen for just under $1.4 million in December, he ...
  • ‘Narnia’ apartment in Park Slope has a hidden door and built-in swing

    ‘Narnia’ apartment in Park Slope has a hidden door and built-in swing

    The listing calls this apartment a “gateway to a modern version of Narnia”–and it’s hard not to agree. A designer ...
  • 15 indoor air-purifying plants for your apartment or home

    15 indoor air-purifying plants for your apartment or home

    Our ongoing series Apartment Living 101 is aimed at helping New Yorkers navigate the challenges of creating a happy home in the big ...
  • Justin Timberlake and Jessica Biel are bringing sexy back to Tribeca with new penthouse buy

    Justin Timberlake and Jessica Biel are bringing sexy back to Tribeca with new penthouse buy

    Although Justin Timberlake was spotted scoping out an $18.5 million Greenwich Village penthouse last month, he chose Tribeca to call home ...
  • First look at the interiors of Waterline Square’s trio of towers

    First look at the interiors of Waterline Square’s trio of towers

    As 6sqft reported in November, a trio of glassy residential towers is rising on the five-acre waterfront site between West 59th and ...
  • Frank Lloyd Wright Fallingwater lookalike asks $3.5M in Greenwich, CT

    Frank Lloyd Wright Fallingwater lookalike asks $3.5M in Greenwich, CT

    Designed by local architect Dimitri Bulazel, this 4,675-square-foot four-bedroom home at 51 Pecksland Road in Greenwich, CT was clearly inspired by Frank ...
  • Elegant co-op in an UES mansion still has its original leaded casement windows

    Elegant co-op in an UES mansion still has its original leaded casement windows

    This two-bedroom co-op occupies the parlor and garden floors of 4 East 82nd Street, a stately Carnegie Hill mansion. Despite ...
  • Kickstarter campaign raising $10,000 for a 15-foot inflatable ‘Trumpy’ rat

    Kickstarter campaign raising $10,000 for a 15-foot inflatable ‘Trumpy’ rat

    As a symbol of resistance to the Trump administration, Chelsea-based contemporary art gallery BravinLee created a Kickstarter to raise $10,000 ...

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.