First tenant at East River Plaza opens its doors

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East Harlem’s new big-box retail shopping center, East River Plaza, officially opened today on FDR Drive, according to a press release, with Costco welcoming customers. The 500,000-square-foot center, developed through a partnership between Forest City Ratner Companies and the Blumenfeld Development group, will include a Target, Best Buy, Marshalls, PetSmart and Old Navy. Costco, which occupies a little over a fifth of the plaza’s total space, is the first tenant to open, bringing 400 new jobs to the area. Leasing at the center largely has been considered a success; according to developer Bruce Ratner, 90 percent of the retail space has been leased out. All told, the East River Plaza will create an estimated 2,000 jobs.TRD

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