Target signs lease for Food Emporium space on Union Square East

Don’t get too excited yet–it’s not opening until at least 2023, when the lease expires for the space’s current tenant, the Food Emporium grocery store. The Post reports that Target signed a lease for the 32,579-square-foot space at the base of 10 Union Square East. Target currently has seven stores in Manhattan, with two more set to open in Times Square, Columbus Circle, and Washinton Heights. One of their stores is just a few avenues east on 14th Street at Avenue A.

According to the Post, Target signed a 16-year lease with an asking rent of $183 per square foot. Food Emporium’s current lease expires at the end of April 2023, but Target has said they don’t expect to open before the holidays that year.

Target’s current Manhattan locations are in Tribeca, the Lower East Side (at Essex Crossing), the East Village, Kips Bay, 34th Street/Herald Square, the Upper East Side, and East Harlem. Of these locations, all but East Harlem are “small-format” outposts that offer a smaller, more curated selection. The Columbus Circle store was supposed to open last fall, but it was delayed and should be opening soon. The Washington Heights store is expected to open this year and Times Square in 2022. Throughout the boroughs, Target has a total of 22 stores–six in Brooklyn, four in Queens, three in the Bronx, and two on Staten Island. Just yesterday, they announced a new small-format location in Port Richmond, Staten Island for which they are currently hiring 150 positions.

[Via NYP]

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