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Home Depot to Open Second Manhattan Store

NEW YORK CITY-The Home Depot, which recently revealed plans for its first Manhattan store in the Flatiron district, will also take 83,000 sf in Midtown. According to one insider, the retailer is paying $75 per sf.

By Barbara Jarvie | Updated on September 23, 2003

NEW YORK CITY- Just weeks after saying its will open its first Manhattan store, the Home Depot now announces plans for a second one. This time the retailer will take 83,000 sf at 984 Third Ave. in Midtown, the old Alexander’s site. Two weeks ago, the company announced plans to open a 108,000-sf store on 23rd Street near Fifth Avenue in the Flatiron District. Both stores are expected to open next summer and bring between 500 to 600 jobs to the area.

The store will have space on one lower level and will devote a substantial amount of space to showrooms on a separate mezzanine level.

“Home Depot has been evaluating locations throughout Manhattan for several years,” notes Tom Taylor, president of Home Depot’s Eastern Division. “This second store in Manhattan will enable Home Depot to serve tens of thousands of new customers in Midtown and Upper East Side neighborhoods. This store and the Flatiron store will meet a huge untapped demand for home improvement products and services in Manhattan.”

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