The Real Deal New York

Retail tenants lined up for Roosevelt Island

May 02, 2012 11:00AM

With the new Hudson Companies and Related Companies joint management of Roosevelt Island’s retail strip comes new retail tenants slated to arrive this year, the New York Times reported. A food market called Wholesome Direct will open there in the next three to four months, and a liquor store will set up shop in the next six to eight months. Eight leases, which include deals for restaurants, a bakery and a florist, are expected to be inked in the next six months, according to the Times.

Other soon-to-be-arriving retail tenants include a location for the Subway sandwich chain and a café. Retail rents on Roosevelt Island are roughly $40 to $50 per square foot, according to the Times.

As previously reported, Roosevelt Island’s retail corridor is 100,000 square feet and is comprised of 33 stores. Hudson and Related are also developing the Riverwalk neighborhood byinto a residential destination with nine apartment buildings, six of which are currently complete. [NYT]