NEW YORK — Discount grocer ALDI is expanding its New York footprint with its first central Manhattan location, set to open in 2026 at The Ellery, a new 32-story luxury residential tower near Times Square.
The Batavia, Ill.-based retailer signed a lease for a 25,000-square-foot flagship store at 312 West 43rd Street, at the edge of Hell’s Kitchen and Times Square, in partnership with developers Taconic Partners and National Real Estate Advisors. Designed by Handel Architects, The Ellery includes 330 fully leased residential units and more than 30,000 square feet of amenities, including a rooftop pool, fitness center and coworking spaces.
“Opening our first store in the heart of Manhattan will be a significant milestone for ALDI as we continue to expand access to affordable, quality groceries in the most in-demand locations across the country,” said Chris Daniels, Regional Vice President of ALDI. “This location will allow us to provide New Yorkers with a simpler, quicker and more enjoyable shopping experience, with great products at the lowest prices, every day.”
The deal was brokered by Ripco Real Estate’s Esther Bukai on behalf of ALDI, with CBRE’s Lon Rubackin, Michael Kadosh and Bevan Cohen representing the ownership group. Retail rents in Manhattan averaged $670 per square foot in the second quarter of 2025, according to CBRE.
George Tsapelas, senior vice president of Taconic Partners, called the ALDI flagship “a major milestone in the transformation of the Times Square area into a premier residential destination,” adding that the chain is “an ideal neighborhood partner, offering the West Side a much-needed grocery store that will resonate with our residents and the community.”
ALDI currently operates one store in Manhattan, in East Harlem, and multiple locations across Brooklyn, Queens, and the Bronx. Nationally, the grocer is on track to open 200 new stores this year, surpassing any other U.S. chain in its pursuit of aggressive growth. In 2024 alone, ALDI opened nearly 120 stores nationwide, with a particular focus on the Southern Region.
The Ellery’s retail space also includes 19,000 square feet of ground-floor frontage spanning 42nd to 43rd Street, available for subdivision and future tenants.
The news comes amid a wave of development in Midtown, following the New York City Council’s adoption of Mayor Eric Adams’s Midtown South mixed-use rezoning plan, which is expected to create nearly 10,000 new apartments through new construction and office-to-residential conversions.
