Rendering via Extell Development
With construction wrapping up, Extell Development’s two-tower rental complex on 500 and 524 East 14th Street got new renderings this week, revealing luxury amenities and ground-floor retail, including Target, the store’s first East Village location. Opening in July, the popular chain will sit in one building of Extell Development’s complex, which was designed by Beyer Blinder Belle. According to CityRealty, the “flexible format” Target will span 9,649 square feet on the ground floor and 17,705 square feet in the cellar of 500 East 14th Street. The development will also include 160 total new rental apartments, with 32 set aside for low-, moderate- and middle-income households.
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Rendering of LES Target courtesy of Beyer Blinder Belle
New York City is experiencing a Target-takeover. The retailer has just signed a lease to open a 22,500 square-foot store in the Lower East Side at Essex Crossing, a 1.9 million-square-foot development stretching across several Manhattan blocks. As the Wall Street Journal reports, the new store will be located on the second floor of 145 Clinton Street, a 15-floor tower currently under construction. A Trader Joe’s supermarket will be on the lower level and apartments will be housed above.
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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.
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Over the summer, Chinese developer Xinyuan Real Estate filed plans to build a seven-story, 105,305- square-foot condominium at 615 Tenth Avenue in Hell’s Kitchen, their second NYC project after the Oosten in Williamsburg. The address had formerly been home to a Hess gas station until Xinyuan bought the site last January for $57.5 million. Their new 82-unit project, dubbed Hudson Garden, will also have a 29,000-square-foot retail base along the western blockfront between West 44th and 45th Streets, for which the Post reports Target has signed a lease.