A ‘small format’ Target will open on the Upper East Side next year
Rendering via Target
Retail giant Target announced on Tuesday that it will bring three new Target stores to New York City, further expanding its footprint in the Big Apple. The new stores, planned for the Upper East Side, Astoria and Staten Island, will be “small format,” tailored to the needs of shoppers in urban areas (h/t NBC). In a statement, Mark Schindele, a senior vice president of Target’s properties, said: “All three of these new stores will offer the best of Target in that borough, yet curate the assortment to meet the needs and preferences of the nearby community.”
The new Upper East Side location will be found on the ground floor of the Fairfax, an apartment building at 201 East 69th Street. Target has secured a lease with the building’s developer, TF Cornerstone. According to the retailer, the store, expected to open in 2019, will measure 22,600 square feet. Shoppers can expect a larger beauty and food section than regular stores.
Set to open in 2022, the Astoria Target will span 47,000 square feet on 31st Street, near the Astoria-Ditmars Boulevard station. Along with a CVS Pharmacy, this specific location will focus on home decor, apparel basics and tech products. The Staten Island location will open next year at Forest Avenue Plaza. This store will measure 46,000 square feet and include a CVS Pharmacy and a Starbucks.
The three new stores are part of Target’s plan to open 130 small-format stores by the end of next year in urban and highly-populated suburban areas, as well as near college campuses.
Target has set up shop in Tribeca, Downtown Brooklyn, Herald Square, Harlem, Elmhurst, Forest Hills, Flushing and the Bronx. And as 6sqft learned, a location will open at Essex Crossing on the Lower East Side soon and above an East Village rental building developed by Extell.
[Via NBC New York]
RELATED:
