The rapidly-expanding discount grocery chain has signed a lease at The Ellery, a luxury, 32-storey residential building located in Midtown Manhattan on the edge of Times Square.
The 25,000sq ft Aldi location will be the chain’s second store in the borough and is expected to open next year.
“Opening our first store in the heart of Manhattan will be a significant milestone for Aldi as we continue to expand access to affordable, quality groceries in the most in-demand locations across the country,” said Chris Daniels, Regional VP at Aldi. “This location will allow us to provide New Yorkers with a simpler, quicker and more enjoyable shopping experience with great products at the lowest prices, every day.”
The Manhattan expansion is just the latest in Aldi’s growth plans. The grocer plans to open more than 220 new stores this year, with the ultimate goal of opening 800 new locations by the end of 2028. Earlier this year, Aldi entered Nevada with its first Las Vegas locations.
“The Aldi flagship location at The Ellery marks a major milestone in the transformation of the Times Square area into a premier residential destination,” said George Tsapelas, Senior VP at Taconic Partners, which, along with National Real Estate Advisors, is behind the project. “Aldi is an ideal neighbourhood partner, offering the West Side a much-needed grocery store that will resonate with our residents and the community.”
In addition to the Aldi space, The Ellery’s retail offering includes 19,000sq ft of ground floor space spanning 42nd Street to 43rd Street with multiple possible subdivisions. The remaining retail space includes 160ft of frontage and 18ft ceiling heights.
