D'Agostino Leases 14,000-SF Hell's Kitchen Space

NEW YORK CITY-One of the city’s most recognized grocery chains, D’Agostino, will open a 14,000-sf supermarket on 54th Street and 10th Avenue. Slated to open early next year, D’Agostino will be the first major supermarket to open for business on 10th Avenue in the 40s and 50s.

The new store will be located on the ground floor of the Foundry, a 12-story, 222-unit residential building at 505 W. 54th St. Independent broker Michael Shapiro represented D’Agostino and building owner Gotham Organization Inc. Terms of the deal were not disclosed but the asking price for the space was $45 per sf.

Clinton Special District Coalition president John Fisher says the watchdog group is guardedly optimistic about the project, particularly since the neighborhood’s only other supermarket, the Food Emporium at Ninth Avenue and 55th Street, recently shut its doors. The organization’s only concern is the D’Agostino chain’s reputation for opening upscale stores with prices to match.