NEW YORK, N.Y. — Wegmans Food Markets announced Thursday it plans to open a grocery store in Manhattan in 2023.
This will be the first Manhattan store and second New York City location for Rochester–based Wegmans, which also has a sizable presence in the Central New York market.
The Manhattan Wegmans will be located at Vornado Realty Trust’s 770 Broadway property, the former site of the Astor Place Kmart, Wegmans and Vornado said in a joint news release.
(Sponsored)
Why ESG and Sustainability Reporting Matters for Your Business
As the landscape of financial reporting has evolved, the concept of environmental, social and governance (ESG) and sustainability has grown exponentially. In 2011, only 5% of S&P 500 companies reported
Keeping Tabs on Employee Internet Use Could Create Employer Liability
Question: As a private sector employer trying to police our employees’ unauthorized use and/or abuse of our internet system, are we in danger of violating any privacy laws? Answer: If
Wegmans opened its first New York City supermarket in the Brooklyn Navy Yard in October 2019.
“We are so excited to bring Wegmans to Manhattan. This is something we’ve been dreaming about and working toward for a long time,” Colleen Wegman, president and CEO of Wegmans Food Markets, said. “The community’s response to the opening of our Brooklyn store had an excitement and energy that you can only experience in New York City. You can feel that energy returning to the city, and we are thrilled to be a part of it.”
Under the terms of the 30-year lease, Wegmans will occupy space on both the street and lower levels of 770 Broadway for a total of about 82,000 square feet. The building is in the heart of Greenwich Village — amid downtown residential, retail, and office locations — and occupies a full city block between 8th and 9th Streets and Broadway and Fourth Avenue. A 1.2-million-square-foot landmarked building, 770 Broadway is the historic Wanamaker’s department store that Vornado transformed into “one of Manhattan’s premier office and creative hubs” that is home to some of the world’s best-known technology and media companies, the companies contend.
Brokered by RIPCO Real Estate LLC, Wegmans signed an agreement with Transformco to buy out Kmart’s lease at Astor Place, and entered the long-term lease with Vornado.