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Costco Comes to Manhattan

NEW YORK CITY-The warehouse club opens its first location in the borough with a 110,000-square-foot space at the new East River Plaza in Harlem.

By Paul Bubny | Updated on November 13, 2009

NEW YORK CITY-A 110,000-square-foot Costco opened its doors Thursday as the first tenant to set up shop at the East River Plaza in East Harlem. It’s the first Manhattan location for the warehouse club and the culmination of a 13-year process to develop the 500,000-square-foot retail center.

When fully occupied, East River Plaza will also be home to the borough’s first Target, along with Best Buy, Marshalls, PetSmart and Old Navy. The tenants will open their stores beginning next spring, according to a release from Forest City Ratner Cos., which developed the project as a partner in Tiago Holdings, a joint venture with Blumenfeld Development Group.

“Given the tough economic times we face, East River Plaza offers a much-needed boost to the economy of New York City,” says Bruce Ratner, chairman and CEO of FCRC, in a release. “East River Plaza brings jobs for local residents and generates tax revenue for the city and state. It also provides Manhattan’s residents and small businesses with access to quality merchandise at wholesale prices.”

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