Grocery chain Trader Joeʼs announced it will open a store at the massive Essex Crossing development on the Lower East Side.
The retailer signed a lease to with Delancey Street Associates, the joint venture of L+M Development Partners, BFC Partners and Taconic Investment Partners that is building the new Essex Crossing neighborhood.
The store will reportedly occupy 30,000 s/f at the base of 145 Clinton Street and will open in 2018.
“Bringing Trader Joe’s to Essex Crossing will help provide families across the Lower East Side with quality, fresh food options in their neighborhood,” said NYCEDC President Maria Torres-Springer.
“Increasing food access is yet another way the Essex Crossing project meets the needs of current and future residents, ensuring that this long-anticipated project strengthens the Lower East Side community as a whole.”
Trader Joe’s will join Planet Fitness which has leased 22,000 s/f on the second floor of 145 Clinton Street.
The property will include 211 apartments, half of which will be affordable.
Just to the north of the development, 15,000 s/f of open space is also anticipated to be complete by early 2018.
Essex Crossing will also include The Market Line, a 150,000 s/f marketplace spanning three blocks.
It will have over 100 vendors and serve as a new home for the historic Essex Street Market.
The Market Line will be one of the largest markets in the Western Hemisphere. In the interim, the current Essex Street Market remains open for business.
In all, the 1.9 million square feet Essex Crossing development will have 1,000 units of housing, a Regal Cinemas movie theater, a Splitsville Luxury Lanes, NYU Langone’s Joan H. and Preston Robert Tisch Center at Essex Crossing, a community center run by Grand Street Settlement, a rooftop urban farm, and 250,000 s/f of office space and a mix of retail.
Andrew Katz, a principal at the Prusik Group, the partner on the development team in charge of Essex Crossing’s retail space, said he was thrilled to announce the arrival of Trader Joe’s.
“Throughout the planning process, the community made clear that a quality, affordable supermarket was a top priority for the neighborhood – and we made a commitment to deliver that,” said Katz.