Real Estate
New Target Coming to East Village, Report Says
The retailer has inked a deal for the building coming to East 14th Street between Avenue A and Avenue B.
Shoppers in the East Village are about to get a big-box store right on the edge of Stuyvesant Town.
According to the Real Deal, the retailer Target has inked a deal to lease the first floor of the new residential development at 500 E. 14th St. The area, which included a Rite Aid among other stores, was demolished to make room for the new development back in 2014.
Department of Buildings records show the building will be seven stories tall, with the retailer on the bottom floor and residential units on floors two through seven. According to city records, the building will contain 106 apartments.
Find out what's happening in East Villagefor free with the latest updates from Patch.
According to the Real Deal, Target has signed a 30-year lease with Extell, who is developing the site.
The building in the East Village will be the third Target store in Manhattan. There is a store in East Harlem, and one is currently in the building phase at 255 Greenwich St. in Tribeca.
Find out what's happening in East Villagefor free with the latest updates from Patch.
Photo Credit: Mike Mozart via Flickr/Creative Commons
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