Retail report boroughs bronxsummer2014 rev2
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T he opening of the Bronx Terminal Market in 2009 helped to kick off a huge retail revival, introducing retailers (especially larger stores) to the opportunities in the borough. Tenants today include Applebee’s, GNC, Home Depot, BJ’s Wholesale Club, Skechers, Burlington Coat Factory, Raymour & Flanigan, Toys “R” Us and more. The biggest news, of course, is the $300 million Mall at Bay Plaza, the first enclosed fashion mall to be built in New York City in 40 years, which just debuted at the intersection of Interstate 95 and the Hutchinson River Parkway. A new Macy’s joins the previously existing JCPenney and an adjacent AMC Theater , as well as some 100 specialty shops, many new to the borough: H&M, Aeropostale, Monsoon, Accessorize, New York & Company, U.S. Polo Association, Swarovski, Michael Kors, Victoria’s Secret, Kay Jewelers and Ulta, among others. Olive Garden, Joe’s Crab Shack and Red Robin will be joined by one more restaurant, and coming in 2015 will be an XSport Fitness, its New York City debut. Coming soon to Baychester will be Gun Hill Square, which will house 350,000 square feet at the intersection of the New England Thruway, the Hutchinson River Parkway and East Gun Hill Road in late 2017. BRONX BOMBSHELLS It’s a retail revolution in the Bronx! After years of neglect from national retailers, the Yankees’ favorite borough is seeing a veritable World Series of developers, stores and brands rushing to find their place, from established locations such as Fordham Road (a favorite outdoor mall combining national retailers such as Gap, regionals including P.C. Richard and local restaurants and merchants). From New York City’s largest enclosed mall to upcoming factory outlets, it’s time to Cheer for the Bronx!
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It’s a retail revolution in the Bronx! After years of neglect from national retailers, the Yankees’ favorite borough is seeing a veritable World Series of developers, stores and brands rushing to find their place, from established locations such as Fordham Road (a favorite outdoor mall combining national retailers such as Gap, regionals including P.C. Richard and local restaurants and merchants). From New York City’s largest enclosed mall to upcoming factory outlets, it’s time to Cheer for the Bronx!
Transcript of Retail report boroughs bronxsummer2014 rev2
The opening of the Bronx
Terminal Market in 2009 helped to kick off a huge retail revival, introducing retailers (especially larger stores) to the opportunities in the borough. Tenants today include Applebee’s, GNC, Home Depot, BJ’s Wholesale Club, Skechers, Burlington Coat Factory, Raymour & Flanigan, Toys “R” Us and more.
The biggest news, of course, is the $300 million Mall at Bay Plaza, the first enclosed fashion mall to be built in New York City in 40 years, which just debuted at the intersection of Interstate 95 and the Hutchinson River Parkway. A new Macy’s joins the previously existing JCPenney and an adjacent AMC Theater, as well as some 100 specialty shops, many new to the borough: H&M, Aeropostale, Monsoon, Accessorize, New York & Company, U.S. Polo Association, Swarovski, Michael Kors, Victoria’s
Secret, Kay Jewelers and Ulta, among others. Olive Garden, Joe’s Crab Shack and Red Robin will be joined by one more restaurant, and coming in 2015 will be an XSport Fitness, its New York City debut.
Coming soon to Baychester will be Gun Hill Square, which will house 350,000 square feet at the intersection of the New England Thruway, the Hutchinson River Parkway and East Gun Hill Road in late 2017.
BRONX BOMBSHELLSIt’s a retail revolution in the Bronx! After years of neglect from national retailers, the Yankees’
favorite borough is seeing a veritable World Series of developers, stores and brands rushing
to find their place, from established locations such as Fordham Road (a favorite outdoor
mall combining national retailers such as Gap, regionals including P.C. Richard and local
restaurants and merchants). From New York City’s largest enclosed mall to upcoming factory
outlets, it’s time to Cheer for the Bronx!
And this is just the beginning. Happy Shopping!
FAITH HOPE CONSOLO, LICENSED ASSOC. R.E. BROKERRETAIL LEASING, MARKETING & SALES DIVISION
575 Madison Ave, 3rd Floor, NYC 10022 | O: 212.418.2020
[email protected] | www.faith-consolo.com
But other areas also are seeing growth.
In Riverdale, Equity One soon will open Broadway Plaza, with a 30,000-square-foot Sports Authority, a 24,000-square-foot T.J. Maxx, 18,000-square-foot Aldi Food Market and 9,000-square-foot Party City. Riverdale Crossing will have 162,000 square feet of retail and services including BJ’s Wholesale Club, Chipotle Mexican Grill, Subway, Smashburger, Petco and Buffalo Wild Wings Grill & Bar.
The Crossings at Southern (Boulevard) at the intersection of Hunts Point and Bruckner Boulevard will host a Red Lobster, Deal$ by Dollar Tree, and other retail.
In the Throggs Neck area, Target has opened at the Throggs Neck Shopping Center, at Lafayette Avenue and the Hutchinson River Parkway, with T.J. Maxx, Applebee’s, Subway, Famous Footwear, Viva Movil (from native daughter Jennifer Lopez), Five Guys and Sleepy’s to open shortly.
In Castle Hill, Paragon Outlets New York City, to be built at 2505 Bruckner Boulevard will bring 375,000 square feet of outlet retail in 2016. Leasing is under way.
Elsewhere, Deal$ by Dollar Tree has taken several locations in the borough, including 2552-2558 White Plains Road and 3560-3572 White Plains Road. Family Dollar has signed for 3150 Webster Avenue. The former Globe Theater on Pelham Parkway has become the Green Apple Market.
