Trendy clothier H&M might be coming to the Queens neighborhood of Forest Hills. The Swedish retailing giant is looking at taking space in a two-story, 12,000-square-foot building at 71-53 Austin Street, the former site of the Alexandra boutique.
A chain pharmacy such as CVS is also being considered as a possible tenant, sources familiar with the discussions told DNAinfo. The building is slated to be completed in about four months.
The owner of the building – identified in city records only as “71-53 Austin Street LLC” – declined to comment, DNAinfo said. A spokesperson for H&M told the website that it was the company’s policy to “not comment on rumors.”
Some residents, such as Leslie Brown, president of the Forest Hills Chamber of Commerce, told the website she was concerned that H&M’s presence may lead to spikes in the area’s retail rents.