With such a rich history and large consumer base, who can resist the hustle and bustle of the Big Apple? Wegmans Food Markets certainly can’t, as the retailer has announced exciting future growth in the New York City market, including a new location in Manhattan. The store is expected to open in the second half of 2023 and will be Wegmans second location in the city.
“We are so excited to bring Wegmans to Manhattan. This is something we’ve been dreaming about and working toward for a long time,” said Colleen Wegman, President and Chief Executive Officer of Wegmans. “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.”
Brokered by RIPCO Real Estate, Wegmans signed an agreement with Transformco to buy out Kmart’s lease at Astor Place, where the new store will be located, and entered into a long-term lease with Vornado, according to a press release.
“We are delighted to be part of bringing the beloved Wegmans to Manhattan,” said Steven Roth, Vornado’s Chairman and Chief Executive Officer. “Wegmans is one of a kind and will be a best-in-class addition to Manhattan, both for the local neighborhoods and as a destination for residents from across the island. We look forward to partnering with Wegmans’ talented team on the opening of this signature location.”
Wegmans will occupy space on both the street and lower levels of Vornado’s 770 Broadway, a total of roughly 82,000 square feet, under the terms of the 30-year lease.
Where will this expansion strategy take Wegmans next? Time and Deli Market News will tell.