The Real Deal New York

Fairway may break lease in Resnick’s FiDi building

Supermarket doesn't have "the money to build," source says
October 15, 2014 08:30AM

Fairway is thinking about breaking its lease agreement at 255 Greenwich Street, a Jack Resnick & Sons building in the Financial District.

A source told the New York Observer that Fairway doesn’t have “the money to build.”

Fairway inked a lease for 52,242 square feet divided over two floors in the 14-story building, located adjacent to the World Trade Center and the National September 11 Memorial & Museum. The supermarket, scheduled to open next year, would be the first Fairway location in Lower Manhattan. The chain has 15 other locations across the tri-state.

The supermarket chain might also terminate other leases, according to the newspaper.

Fairway already signed a lease for 46,000 square feet in the first office tower at Hudson Yards on the corner of West 30th Street and 10th Avenue. That store is set to open in 2015. [NYO] — Claire Moses

  • WannaBeLandlord

    Fairway’s stock is down 90% for the year, makes sense.

  • anon

    wow, 5 head!

  • Anon#2

    The employees are too low class and ghetto for me. That’s why I bet a lot of people avoid Fairway. I’d rather go to Trader Joe’s and deal with the happy employees.

  • capo

    I wish they would open a Fairway in the West 40’s, there’s nothing here but a sucky Food Emporium.