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

Pot palace will be third dispensary in Manhattan

TRD 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
Blackstone's Frank Cohen and Amazon CEO Jeff Bezos with the HQ2 site (Getty; Blackstone; Google Maps)

Amazon grows HQ2 site near DC with hotel buy

Amazon grows HQ2 site near DC with hotel buy
Rendering of the Tokyo Tokiwabashi project (Courtesy of Mitsubishi)

Mitsubishi unveils design for Japan’s tallest skyscraper

Mitsubishi unveils design for Japan’s tallest skyscraper
Charles Rettig, Commissioner of the IRS (Getty)

Opportunity Zone rule change seeks to entice foreign investors

Opportunity Zone rule change seeks to entice foreign investors
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)

Here’s how Industry City’s controversial rezoning unraveled

Here’s how Industry City’s controversial rezoning unraveled
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
arrow_forward_ios

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

Loading...