Target Puts up Signage for its New Essex Crossing Store, Opening this Summer
It was around this time last year that Target announced its new small-format store at Essex Crossing. Now that The Rollins (aka Site 5) is operational on Grand Street, the first sign of its arrival is here.
The window dressing appeared yesterday afternoon with an employment advert seeking help. The new Target, which occupies 22,500 square-feet on the second floor of 145 Clinton Street, is expected to open this summer. It shares the commercial floor area with a Trader Joe’s that may or may not come to fruition. Despite the lack of visible progress on that front, Essex Crossing spokesperson James Yolles assures us that the gourmet grocer is on the same timetable. (You’ll recall that there had been ambiguity and mixed messages regarding the fate of Trader Joe’s.)
The building at Site 5, designed by the firm Beyer Blinder Belle, also boasts 211 rental units (half affordable) up above, a potential school facility, and public park on the Broome Street perimeter. Leasing for the apartments went live two weeks ago and is unaffordable, despite the net-effective free month of rent – studios start at $2,945 per month; one-bedrooms at $3,855 per month; two-bedrooms at $5,400 per month; and three-bedrooms at $7,295 per month. The affordable stock starts at a bottom-dollar $519 per month.
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