TJ Maxx is opening its first new store in NYC in over a decade

"If you love the thrill of hitting the discount racks, you'll soon have another way to score deals on clothing, home goods and more: TJ Maxx is opening a new store in Herald Square. The off-price giant has signed a 40,000-square-foot lease for a new store on the corner of 34th Street and Sixth Avenue. When it opens, it will be TJ Maxx's first new NYC location in more than a decade."

"The new store will take over the former Gap space in Herald Towers, a historic building that was once the McAlpin Hotel before being converted into rental apartments by JEMB Realty. Gap left the corner in 2020, and since then the space has mostly sat empty, aside from a few temporary tenants. The opening is a rare bright spot for Manhattan retail. According to reports, this is the largest lease for a brand-new store signed in the city this year or last."

TJ Maxx will open a 40,000-square-foot store at the corner of 34th Street and Sixth Avenue in Herald Square before the end of the year, occupying the former Gap space in Herald Towers. The location marks TJ Maxx's first new New York City store in more than a decade and represents one of the largest new-store leases in the city in recent years. Herald Towers was once the McAlpin Hotel and was converted into rental apartments. Gap vacated the corner in 2020. Herald Towers' retail space is now about 95 percent leased, and TJ Maxx will join a lineup of incoming and returning retailers.

Read at Time Out New York