Lower Fifth Avenue just got high: New marijuana dispensary to open

Pot palace will be third dispensary in Manhattan

New York /
Apr.April 04, 2018 01:00 PM

Fifth Avenue, which runs along the full length of Central Park, is about to get even greener.

Los Angeles-based MedMen plans to open a 10,000-square-foot medical marijuana dispensary at 433 Fifth Avenue, the New York Post reported. Billed as the “Barneys of weed,” the dispensary is slated to open on April 20, an unofficial stoner holiday.

The shop will only sell to state residents who are medically qualified to receive marijuana and will be the third dispensary permitted to open in Manhattan.

Ben Ashkenazy’s Ashkenazy Acquisition Corporation purchased the 17,000-square-foot building in 1997 and had an office there until 2011, when it moved to 150 East 58th Street. The company tried marketing the property back in 2015, asking $30 million for the six-story building, though it appears to no longer be on the market. The building’s ground-floor space was most recently occupied by a gifts and luggage store. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)
Mack Real Estate takes over 7 distressed Manhattan hotels
Mack Real Estate takes over 7 distressed Manhattan hotels
1440 Broadway and CIM Group’s Shaul Kuba (Google Maps, Getty)
CIM closes on $400M refi for 1440 Broadway
CIM closes on $400M refi for 1440 Broadway
Theaters in some cities are opening with restrictions. (Getty, Photo Illustration by Alison Bushor for The Real Deal)
Coming attraction: Movie theaters reopen in New York, San Fran
Coming attraction: Movie theaters reopen in New York, San Fran
Innovo Property Group's Andrew Chung with 23-30 Borden Avenue in Long Island City (Google Maps)
Innovo lands $155M construction loan for LIC warehouse
Innovo lands $155M construction loan for LIC warehouse
Restaurants and bars accounted for a majority of the gains in February (iStock)
Leisure, hospitality big winners in February job gains
Leisure, hospitality big winners in February job gains
The company currently operates 761 stores, and intends to open 100 new stores this fiscal year. (iStock)
Retailer Burlington plans to double store count
Retailer Burlington plans to double store count
(Getty, Photo Illustration by The Real Deal)
Retail had its reckoning. Will subleases flood the market?
Retail had its reckoning. Will subleases flood the market?
Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
Ascena restructuring approved post-bankruptcy
Ascena restructuring approved post-bankruptcy
arrow_forward_ios

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

Loading...