Queens-based developer RockFarmer Properties recently announced that Lincoln Market, a regional grocery store offering the convenience of shopping online and home delivery, fresh produce, prepared meals, gourmet foods, and groceries has signed a 20-year lease for 16,760 square feet at The Rowan, a recently completed 46-unit luxury condominium located at 21-31 31st Street in Astoria, Queens.
“We are excited to have Lincoln Market’s newest location at The Rowan to provide a convenient, quality and value-focused, fresh food market for everyday and specialty grocery items,” said Kostas Koutsothanasis, Chief Operating Officer of RockFarmer Properties. “With the recent closure of several grocery stores in the area, Lincoln Market will provide an incredible new option for local residents.”
The three-level space—which comprises approximately 16,750 square feet of ground level and below grade-level space—will become the brand’s sixth location in New York City—and the Market’s first location in Queens. The 16,750-square-foot space features 15-foot ceilings, 70 feet of street-level frontage, and automated onsite parking for customers.
Lincoln Market will join a growing list of retailers in, or opening in, the Ditmars section of Astoria including Target and TJ Maxx, among others. Lincoln Market is expected to open early 2023. Astoria is also home to a number of chef-driven restaurants and retailers and is set to welcome a new $400M, Robert DeNiro-backed movie studio designed by Bjarke Ingels Group.
While the terms of the lease were undisclosed, Ben Weiner and Chris Walther of RIPCO Real Estate and Kostas Koutsothanasis, on behalf of the developer co-represented RockFarmer Properties in the transaction; Scott Sher of Katz Retail represented the tenant.
A divisible 8,511-square-foot space boasting 92 feet of retail frontage and 16-foot ceilings remains available for lease at 21-31 31st Street. The building lies within an opportunity zone, which can provide significant benefits to tenants. For more information, please contact Ben Weiner or Chris Walther of RIPCO.
