From the August issue: The suburban convenience store 7-Eleven, which put the Slurpee frozen
drink on the map, is ramping up expansion in New York City, with plans
for 100 to 150 new stores across the five boroughs over the next three
to five years.
Emboldened by higher retail vacancy rates and lower rents due to
the recession, 7-Eleven, which currently operates 46 stores in the
city, plans to open 10 new locations this year alone: three in
Manhattan, three in Queens, three in Staten Island and one in Brooklyn,
said Ken Barnes, real estate manager for the retailer’s northeast
division.
These include a Manhattan store at 103 West 14th Street, and one in
Greenpoint, Brooklyn, at 883-885 Manhattan Avenue, both scheduled to
open next month.
Other leases are in the negotiation phase.
