Fairway Continues Bold New Store Expansion Program

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Fairway Group Holdings (Fairway Market) continues to ramp up its expansion effort since it became a publicly-traded firm in April. The Manhattan-based retailer, which said six weeks ago that it would build a 45,000 square foot store in the new “Hudson Yards” development on West 28th Street and 12th Avenue in Manhattan, announced earlier this month that it would build two additional new stores – in the Tribeca section of Manhattan and in Lake Grove, NY. Moreover, Fairway cut the ribbon on its 14th unit on October 10 in Nanuet, NY.

Fairway’s Tribeca store will be 52,242 square foot in size. The two-story edifice is located at 255 Greenwich Street (at Murray Street), and is expected to open in fall 2014.  It will be the first Fairway location in Lower Manhattan and will be located less than one block from a high-volume Whole Foods, one of Fairway’s main competitors.

“Tribeca is a great and growing family neighborhood and home to great amenities, from restaurants to schools and colleges, and a world-renowned film festival. And because it is in Lower Manhattan, which is also home to Battery Park City, the Freedom Tower, and the Financial District, the location is ideal for those who live and work there,” said Charles Santoro, executive chairman of the growing regional chain.

The Lake Grove store will be Fairway’s first unit in Suffolk County. The 53,000 square foot supermarket will be located at 4000 Middle Country Road and is expected to open in the spring of 2014.

“We look forward to providing customers a fabulous food shopping experience with fresh, natural, organic and conventional foods at terrific prices,” said Herb Ruetsch, Fairway Market’s CEO. “We are also proud to be creating approximately 400 jobs at this location, and eager to make an impact in the Lake Grove and surrounding communities by being both a great food market and an active contributor to the surrounding communities.”

The new 65,000 square foot Nanuet store will be located at 75 West Route 59 and will serve as anchor tenant of The Shops at Nanuet, a new 50-shop open-air center.

“We’re excited to make our newest home at this premier shopping destination in Nanuet and are also very pleased to be creating more than 300 new jobs in the area,” said Santoro. “Our growth prospects remain very strong and our geographic provides us with a significant runway for continued expansion in our own backyard.”

In August, Fairway announced plans to open a 45,875 square foot store on the site of one of largest mixed use developments in the country, which was formerly known as the West Side (Rail) Yard. The new Hudson Yards store could open as early as 2015 and will occupy the ground floor retail space in the SouthTower, adjacent to a spur of the High Line elevated park.

“Hudson Yards is the next great New York neighborhood and we’re excited to be an integral part of the development of this world-class location, and to be an amenity and food destination for the huge numbers of workers, residents, neighbors and tourists who will visit Hudson Yards,” said Santoro at the time. “We continue to believe our growth prospects are outstanding in and around the tri-state New York, New Jersey and Connecticut metro area.”

A month earlier, Fairway opened its first store in the Chelsea section of Manhattan (a 24,000 square foot unit) and is also building a new 240,000 square foot production facility in the Bronx.