The New York Times reports that Wegmans "is poised to open its first New York City store, and it has selected one of the most ripe locations: the derelict Admiral’s Row at the Brooklyn Navy Yard ... the 74,000-square-foot store at the Navy Yard will be the company’s smallest by about 25 percent, but will still be about 20,000 square feet larger than the Fairway in Red Hook or the Whole Foods in Gowanus, two favorites of Brooklyn’s multimillion-dollar brownstone set."
According to the story, "After a decade of fighting over whether to save the Civil War-era homes of Admiral’s Row along Flushing Avenue, the Navy Yard’s board approved a deal for the redevelopment of the site on Tuesday. Several buildings will be knocked down and replaced with Wegmans, other stores, industrial space and parking. Steiner NYC, creator of the Navy Yard’s 25-acre film studio, will develop the complex, set to open in 2017."
According to the story, "After a decade of fighting over whether to save the Civil War-era homes of Admiral’s Row along Flushing Avenue, the Navy Yard’s board approved a deal for the redevelopment of the site on Tuesday. Several buildings will be knocked down and replaced with Wegmans, other stores, industrial space and parking. Steiner NYC, creator of the Navy Yard’s 25-acre film studio, will develop the complex, set to open in 2017."
- KC's View:
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There probably are limits to how big a presence Wegmans can establish in the New York metropolitan area, simply because of real estate issues. But I also think that to the greatest extent it can, Wegmans intends to make this just an opening salvo ... and I think that this move has the potential for roiling the competitive landscape.
