Target Corp. is extending its presence in the Big Apple.
The discount giant plans to open a small-format, 33,000-sq.-ft. store at Tishman's E Walk retail complex on 42nd Street, between 7th and 8th Avenues, in 2022. Target is a central component of the $60 million renovation underway at Tishman's four-story retail center, reported Crain’s New York. The effort includes a new flagship Regal theater.
Target has been steadily expanding its small-format store portfolio. In August, Target cut the ribbon on its 100th small-format store, with plans to open nearly 30 more each year for the foreseeable future.
The Times Square outpost will be Target’s 10th small-format store in the Manhattan, joining locations in Tribeca, the East Village, Herald Square, the Lower East Side, Kips Bay and the Upper East Side. Additional stores are scheduled for Columbus Circle, Washington Heights and Hell’s Kitchen.