Oklahoma-based Arts-and-Crafts Retailer Opening 70K-sf Tribeca Store
The former 270 Greenwich Street home of a Barnes and Noble, which closed in January 2024 due to redevelopment plans by the landlord, and a Bed Bath and Beyond store that shuttered in April 2023 amid financial struggles, will house a 70,716-square-foot arts-and-crafts retailer on the 2nd floor of the mixed-use condominium that also goes by the address 101 Warren Street. After making its New York City debut in March with the opening of a store in Staten Island at 280 Marsh Avenue, Oklahoma-based Hobby Lobby is coming to Manhattan’s Tribeca neighborhood; and will be joining the approximately 69,000-square-foot Whole Foods Market located on the ground level. Already established in the Empire State with more than two dozen locations already in operation, the recent lease was one of the largest retail signings in the borough so far this year. Full terms of the lease were not available. News of the planned big box opening comes about one week following reports of Ikea affiliate Ingka Investments taking a stake in Extell Development’s 570 Fifth Avenue commercial development; and as part of the partnership, the largest franchiser of Ikea stores will own about 80,000 square feet of retail space in the two cellar levels of the forthcoming 1 million-square-foot tower.