German discount grocer Aldi is preparing to make its mark in the heart of Manhattan. The supermarket chain announced plans to open its first central Manhattan location in 2026 within The Ellery, a new 32-story luxury residential tower near Times Square.
The store, slated for 312 West 42nd Street at the edge of Hell’s Kitchen and Times Square, will span 25,000 square feet. Aldi signed the lease in partnership with developer Taconic Partners and National Real Estate Advisors.
The move comes amid a wave of redevelopment in Midtown following the New York City Council’s adoption of Mayor Eric Adams’s Midtown South mixed-use rezoning plan. That initiative is expected to yield nearly 10,000 new apartments through office-to-residential conversions and ground-up construction.
“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,” Aldi Chris Daniels, Regional Vice President, said. For developers, Aldi’s lease cements the company’s role in reshaping the Times Square neighborhood into a more residentially desirable destination.
Taconic Partners Senior Vice President George Tsapelas called the flagship “a major milestone in the transformation of the Times Square area into a premier residential destination.” He added that the chain is “an ideal neighborhood partner, offering the West Side a much-needed grocery store that will resonate with our residents and the community.” A Growing New York Presence Aldi currently operates one store in Manhattan, located in East Harlem, in addition to multiple stores across Brooklyn, Queens, the Bronx, and New Jersey.
Nationally, Aldi operates more than 2,200 supermarkets in 39 states, ranking as the third-largest grocery chain by store count in the country. Worldwide, its footprint exceeds 7,200 stores. This new Times Square location aligns with Aldi’s aggressive U.S. expansion plans.
The company is on track to open more than 200 new stores this year alone, with a mid-term goal of reaching 800 additional…
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