A long-vacant site on Third Avenue is getting a Morton Williams

Curated version of the supermarket should open this year at 1251 Third Avenue

New York /
Mar.March 30, 2018 09:30 AM

Morton Williams (Credit: Morton Williams)

An Upper East Side retail site that has sat vacant for more than two years will soon be the home of a Morton Williams.

A curated version of the supermarket is coming to 1251 Third Avenue, the former site of a Talbot’s, according to the New York Post. The grocery store chain has taken a deal for 13,000 square feet across two floors, and the asking rent was $2 million per year. Douglas Elliman’s Faith Hope Consolo represented the landlord.

The store should open this year, and construction on it has already started. Late last year, Morton Williams signed a lease at One West End Avenue for 29,400 square feet of space.

The Upper East Side has been hit particularly hard by retail’s struggles, with a recent analysis from The Real Deal finding that availability on Third and Madison Avenues was climbing faster than anywhere else in the city.  [NYP]Eddie Small


Related Articles

arrow_forward_ios
Redeemer’s Timothy Keller and 150 East 91st Street (Getty, Google Maps, Redeemer)
Redeemer Presbyterian’s UES development plans vex co-op residents
Redeemer Presbyterian’s UES development plans vex co-op residents
Seth Weissman, Financing
Urban Standard wants to rescue property owners from high interest rates
Urban Standard wants to rescue property owners from high interest rates
From left: Michael Dell with 25 Water Street, Alex Sapir with 261 Madison Avenue and Marc Holiday with One Madison Avenue (Getty, Edge Funds, Sapir Organization, SL Green)
Office properties (yes, office!) got Manhattan’s biggest December loans
Office properties (yes, office!) got Manhattan’s biggest December loans
From left: Stonehenge NYC's Ofer Yardeni and UBS' Ralph Hamers along with 408 East 92nd Street (Getty, Stonehenge NYC, UBS, Google Maps)
Yardeni’s Stonehenge pays $115M for Upper East Side rental
Yardeni’s Stonehenge pays $115M for Upper East Side rental
Salim Assa with 15 West 55th Street
Troubled Midtown rental saga headed for a foreclosure finale
Troubled Midtown rental saga headed for a foreclosure finale
Atlas Hospitality Brokerage president Alan Reay (Atlas Hospitality Brokerage)
Listen: Inside the looming distress across the hotel market
Listen: Inside the looming distress across the hotel market
Businessman arguing with buildings
The bickering bros: Jemals escalate battle over portfolio
The bickering bros: Jemals escalate battle over portfolio
Vornado Realty Trust chairman Steve Roth and 401 Seventh Avenue (Getty, LoopNet, Vornado Realty Trust)
Vornado eyeing NYC’s casino sweepstakes
Vornado eyeing NYC’s casino sweepstakes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...