Aldi to Open 25,000 Square Foot Flagship Store Near Times Square

A Flagship in Midtown’s Transformation 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…