Trader Joe’s working on secret Midtown lease, aiming to “surprise” Whole Foods

Parties involved made to sign nondisclosure agreement

New York /
Mar.March 12, 2019 09:00 AM

A Trader Joe’s location at 142 East 14th Street (Credit: Wikipedia and Pixabay)

Who knew the grocery business could be so full of intrigue?

Trader Joe’s is working on a huge, under-wraps deal at the Park Imperial condo building at West 55th Street and Broadway, the New York Post reported.

“They’re keeping it secret because they want to take [competitor] Whole Foods by surprise,” a source told the Post.

The deal will reportedly also include a seven-story former garage next door. “They had to explain to garage users why they were losing their garage,” a source told the Post. “But everyone involved had to sign a tough nondisclosure agreement.”

The location is just a few blocks south of the Whole Foods megastore at Time Warner Center.

“We are very interested in the Broadway location but that is all of the information there is to share or confirm at this time,” a representative for Trader Joe’s told the Post in a email.

Trader Joe’s has 11 other locations in the city, and recently announced that it was shutting down delivery services from its Manhattan stores (its outer borough stores have never offered delivery). [NYP] — Kevin Sun

 

Related Articles

arrow_forward_ios
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
Nearly half of new shops in 2021 will be dollar stores. (Getty)
2021 is raining dollar stores
2021 is raining dollar stores
National chains and mom-and-pop stores are seeing increasing sales per square foot and shrinking occupancy costs (Getty)
National chains paid 93% of rent in April
National chains paid 93% of rent in April
(RIPCO, iStock)
Target, Five Below, Smashburger open in new Brooklyn shopping center
Target, Five Below, Smashburger open in new Brooklyn shopping center
Close to 80 hotels with more than 13,000 rooms plan to open in 2021. (iStock)
Big year seen for hotel openings, despite few visitors
Big year seen for hotel openings, despite few visitors
Savanna’s Christopher Schlank and Nicholas Bienstock with a rendering of 141 Willoughby Street (Savanna; SLCE Architects; Fogarty Finger Architects)
Savanna nabs $264M loan for Downtown Brooklyn office project
Savanna nabs $264M loan for Downtown Brooklyn office project
Blackstone president Jon Gray and the Blackstone headquarters at 345 Park Avenue in NYC (Getty, Google Maps)
Blackstone sets office return for some vaccinated staffers
Blackstone sets office return for some vaccinated staffers
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
arrow_forward_ios

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

Loading...