Marshalls Opens its First LES Department Store Tomorrow
The mallification of the Lower East Side advances headlong this week with the arrival of Marshalls.
The suburban department store – whose TJX parent is also behind Home Goods and T.J. Maxx – signed a lease for the entire ground floor space spanning 197 East Houston. The new condoplex developed by Ben Shaoul.
Doors open to the public tomorrow morning (October 4), which is a week later than initially expected. The big-box retailer joins the 30,000 square-foot Equinox gym right upstairs.
The mixed-use project is nearly five years in the works. Landlord Ben Shaoul, along with Real Estate Equities Corp., together purchased the gargantuan assemblage of twelve single-story stores in 2014 from the Magnano family (which owned and operated the Ray’s Pizza), plus the valuable air rights from Katz’s Deli, for a combined $75 million. (Katz’s Deli made off with $17 million of the total.
Did you ever think there would be a Marshalls next door to Katz’s?