Fairway has announced that it will fill the retail space of the first office tower planned for Hudson Yards. The grocer will fill 46,000 square feet of the 52-story South Tower, which companies including Coach and L'Oreal will call home. The building, which will open in 2015, currently sits at the northern end of the High Line, but when the third and final leg of the elevated park is complete, it will wrap the western edge of the South Tower.
"This is a visionary deal for Fairway. There isn't enough there today to support a big store like that but it's one of those markets that has all the components and you can see where it's going," a retail broker told Crain's. Beyond the $15 billion planned for retail, residential, office, and park space in the area, NYFW may call the Yards home.
This is the grocer's eighth city location, and fifteenth in the tri-state area. After going public in April, the nearly century-old store plans to open as many as 300 units nationwide.
· Fairway gets in on ground floor at Hudson Yards [Crain's]
· All Fairway coverage [Racked NY]
· NYFW Inching Closer to Hudson Yards [Racked NY]