Taconic Partners and National Real Estate Advisors have signed a lease with grocer Aldi at The Ellery, a new luxury rental residential offering designed by Handel Architects, that spans 32 stories at 312 West 43rd St. The 25,000-square foot Aldi location will provide prime space on 42nd Street, on the edge of Times Square.
The store is expected to open in 2026.
“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 vice president, 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.”
In addition to the Aldi space, The Ellery’s retail offering includes 19,000 square feet of ground floor space spanning 42nd Street to 43rd Street with multiple possible subdivisions. The remaining retail space includes 160 feet of frontage and 18-foot ceiling heights.
“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 vice president, Taconic Partners. “Aldi is an ideal neighborhood partner, offering the West Side a much-needed grocery store that will resonate with our residents and the community.”
The retail announcement with Aldi follows the recent full lease-up of the residences at The Ellery in fewer than 11 months after launching.
“Aldi signing a lease at The Ellery reflects the kind of strategic placemaking that drives long-term value,” said Jeffrey Kanne, president and CEO, National Real Estate Advisors. “This milestone underscores our commitment to developing innovative, mixed-use assets that aim to generate strong returns for our clients.”
A CBRE team led by Senior Vice Presidents Lon Rubackin and Michael Kadosh and Bevan Cohen, associate, represented the ownership group. Aldi was represented by Esther Bukai, Vice Chair, from Ripco.
