German discount grocer Aldi is to open its first central Manhattan location, slated to open in 2026 at The Ellery, a new 32-story luxury residential tower near the city’s famous Times Square.
The retailer has signed a lease for a 25,000-square-foot flagship store at 312 West 42nd Street, at the edge of Hell’s Kitchen and Times Square, in partnership with developer Taconic Partners and National Real Estate Advisors.
The news comes amid a wave of development in Midtown, following the New York City Council’s adoption of Mayor Eric Adams’s Midtown South mixed-use rezoning plan, which is expected to help create nearly 10,000 new apartments through new construction and office-to-residential conversions.