The Real Deal has learned that the grocery chain has in fact inked a deal with the developers behind the controversial post office-replacing residential development at 432-438 East 14th Street. The lease with Mack Real Estate and Benenson Capital Partners was reportedly signed two months ago and includes 8,531 square feet on the first floor, and 14,170 square feet on a lower level.
The developers behind this project had been trying for a while to get a zoning variance to build a slightly taller building than current rules allow. They were met with fierce opposition from local residents, and even after they slightly downsized their project, locals still weren’t happy. Ultimately the developers withdrew their variance request.
Now this project will bring 113 apartments to the neighborhood, and 23 of those will be affordable units. Trader Joe’s has been on a bit of an New York expansion spree of late with store openings planned in Soho and the Upper West Side (a second location) later this year, and an Essex Crossing location to follow next year.
Trader Joe’s has not yet returned a request for comment on the East Village store.