New York City Robert K. Futterman & Associates said it has arranged a 45,263-sq.-ft., long-term lease with Fairway Market at 240 East 86th Street between Second and Third Avenues, at the base of The Ventura, a luxury rental apartment building.
The new Upper East Side Fairway Market will be the first on Manhattan’s Upper East Side and the eighth store in the New York metropolitan area.
The new Fairway Market is scheduled to open in fall 2011, and will include 13,650 sq. ft. on the ground floor, 16,000 sq. ft. on the basement level, 4,463 sq. ft. on the sub-basement level, and 11,150 sq. ft. in the mezzanine.
The space was previously occupied by Barnes & Noble and Circuit City.
“This densely populated neighborhood prompted an increased demand for a market and proved to be the ideal location for Fairway,” said Robert Futterman. “This will be the only market of its kind in the heart of the Upper East Side, and Fairway joins a growing roster of prominent retail brands that continue to improve the bustling retail corridor along East 86th Street.”