The new location will open at the base of Beyer Blinder Belle’s building
Trader Joe’s massive New York expansion continued this week with the announcement that it will open a location at the Lower East Side megaproject, Essex Crossing. A Trader Joe’s has long been rumored to open at the base of the building at site 5, part of the nine-site development. Developers had declined to confirm the news up until now, but a press release put out by Trader Joe’s confirmed the news this morning.
The building at site 5, which goes by the address 145 Clinton Street, is being designed by Beyer Blinder Belle. The 15-story structure will have 211 apartments, half of which will be affordable. The commercial space at the building spans 70,000 square feet, and apart from the Trader Joe’s, the commercial space also comprises of a 22,000-square-foot Planet Fitness outpost. Plans for this site also call for 15,000-square-feet of open space.
“We’ve seen too many headlines about affordable supermarkets leaving Manhattan neighborhoods, so it’s wonderful news that Trader Joe’s is opening a store at Essex Crossing in the Lower East Side,” Gale Brewer, the Manhattan Borough President, said in a statement. “All our neighborhoods need access to markets with fresh, healthy, affordable food, now more than ever.”
The latest announcement on Trader Joe’s part follows the opening of a new location in Kips Bay in August. Currently the grocery chain operates six stores in the city, and there are plans for another one opening in Downtown Brooklyn in 2017, and rumors of additions in Williamsburg, a second location in the East Village, and another on the Upper West Side (in addition to the existing one there).
The overall Essex Crossing site spans 1.9 million square feet and will bring close to 1,000 apartments to the neighborhood, about half of which will be affordable. There are also plans for 850,000 square feet of retail and office, a new Regal movie theater, and a new NYU medical center. The megaproject is being developed by the Delancey Street Associates, which comprises of Taconic Investment Partners, L+M Development Partners, and BFC Partners.