Fairway is opening its newest store in Kips Bay, Crain’s reported. The chain supermarket, which has been expanding across the city ever since being acquired by Sterling Investment Partners in 2007, will open a 42,000-square-foot store in Kips Bay Plaza, at Second Avenue near East 30th Street.
The grocer will join a Rite Aid and a Loew’s Multiplex in the retail complex. Staples also reportedly signed on to take a 21,300-square-foot vacancy in the Plaza that previously housed a Borders bookstore. Fairway is replacing an Office Depot and a Crunch Gym. Crain’s said Whole Foods had been considering opening in the location, too.
“There are no good food stores [in the neighborhood],” said Howie Glickberg, vice chairman of development at Fairway. “We think we’ll do very well [in Kips Bay].”
The store, which will take 2,000 feet on the ground floor and 40,000 more in the basement, is expected to open around Thanksgiving and will be the fourth Manhattan store for the 10-unit chain. [Crain's]