UPDATED, Oct. 4, 11:43 a.m.: Trader Joe’s signed a lease at the Essex Crossing megadevelopment on the Lower East Side.
The grocery chain announced Tuesday the deal had been finalized for the 15-story building at 145 Clinton Street. It had been in talks for the 30,000-square-foot basement space last year. The store is expected to open in 2018.
That building, known as site 5, will have 211 apartments — half of which will be affordable — and about 70,000 square feet of commercial space. Trader Joe’s will join a 22,000-square-foot Planet Fitness outpost, and there is also 15,000 square feet of available space planned for the building, according to Curbed.
Essex Crossing is a mixed-used project that will bring more than 1,000 housing units and 850,000 square feet of commercial space to the neighborhood. It is being developed by Delancey Street Associates, which is a partnership between BFC Partners, L+M Development Partners and Taconic Investment Partners. Goldman Sachs’ Urban Investment Group plans to invest around $500 million in the project.
Earlier this year, Trader Joe’s signed a lease for its second store on the Upper West Side. [Curbed] — Miriam Hall
Correction: An earlier version of this post included an incorrect address and number of units for the building.