Supermarket lovers, rejoice! Wegmans Food Markets will open its second store in New York City, and its first in Manhattan at the former Astor Place Kmart store at Vornado Realty Trust’s 770 Broadway in 2023. Wegmans opened its first NYC store in the Brooklyn Navy Yard in October 2019.
“We are so excited to bring Wegmans to Manhattan. This is something we’ve been dreaming about and working toward for a long time,” said Colleen Wegman, president and CEO of Wegmans Food Markets. “The community’s response to the opening of our Brooklyn store had an excitement and energy that you can only experience in New York City. You can feel that energy returning to the city, and we are thrilled to be a part of it.”
Under the terms of the 30-year lease, Wegmans will occupy space on both the street and lower levels of 770 Broadway for a total of roughly 82,000 square feet. A 1.2-million-square-foot landmarked building, 770 Broadway was the historic Wanamaker’s department store; Vornado later transformed it into an office and creative hub catering to technology and media leaders.
“We are delighted to be part of bringing the beloved Wegmans to Manhattan,” said Steven Roth, Vornado’s chairman and CEO. “Wegmans is one of a kind and will be a best-in-class addition to Manhattan, both for the local neighborhoods and as a destination for residents from across the island. We look forward to partnering with Wegmans’ talented team on the opening of this signature location.”
Brokered by Ripco Real Estate LLC, Wegmans signed an agreement with Transformco to buy out Kmart’s lease at Astor Place and entered into the long-term lease with Vornado.
“We were privileged to work alongside Wegmans and Vornado to arrange this landmark Manhattan retail transaction,” said Gene Spiegelman, vice chairman of Ripco. “This transaction represents the best of New York City’s future with Wegmans’ long-term commitment to deliver Wegmans reputation for quality and customer service to Manhattan.”