Construction Begins on 130,000 SF Target Store at Cross County Center
Real Estate In-Depth | March 5, 2021
YONKERS—State and city officials gathered on March 4 to officially turn the first dirt on the development of a new 130,000-square-foot Target store at the Cross County Center in Yonkers.
Target recently signed a 40-year retail lease at the storied shopping center. It will occupy space at what was once home to a four-story Sears store that closed in summer 2019. The new Target, which will be the first in Yonkers, is scheduled to open in 2022. The Target lease at Cross County Center was the largest retail lease transaction in the nation last year during the pandemic.
“Yonkers has hit the mark! We continue to be a leader and a home to successful national retailers like Target that invest here to further diversify their robust business. As Yonkers welcomes Target, we also welcome more jobs and more opportunities to grow our economy,” said Yonkers Mayor Mike Spano.
“Congratulations to Mayor Mike Spano and the City of Yonkers on this great addition to Cross County Center. As our local and state economy recovers from the impact of the pandemic, we must work closely with businesses to build back stronger. The addition of Target to Cross County Center will bring in needed jobs, which strengthens the role of workers, increases revenue, and adds a nationally respected retailer to a Yonkers landmark,” said New York State Senator Shelley B. Mayer.
“Today is an exciting day for the owners of Cross County Center and the Yonkers community. We could not be prouder to be home to the first Yonkers Target, as we continue to offer our shoppers and guests the best experience in shopping, dining and entertainment,” said Craig Deitelzweig, president and CEO of Marx Realty.
In addition to the Target lease, H&M recently signed a 10-year renewal to occupy 28,000 square feet and is currently undergoing an extensive $5-million remodel to incorporate its upscale SOHO concept. H&M, which has been part of Cross County Center since 2009, will re-open later this month.
The Target and H&M leases are the first step in a multi-phase plan for Cross County Center that is focused on expanding the center’s uses. The City of Yonkers has been working in tandem with Marx Realty to craft a multi-phase plan to further enrich the “town square” concept, creating safe and healthy spaces punctuated by an open-air design.
The 1.15-million-square-foot Cross County Center, located at the junction of I-87 and the Cross County Parkway, is jointly owned by Marx Realty and Benenson Capital Partners. Cross County Center features more than 80 specialty stores and restaurants including Macy’s, Zara, H&M, Pandora, Starbucks, Shake Shack, Hyatt Place Hotel and more. Children’s play areas, free parking and seasonal events draw more than 11 million visitors to the outdoor center, year-round.