Target to Anchor AvalonBay’s 1865 Broadway in Columbus Circle

Rendering of Target at 1865 Broadway

NEW YORK CITY—Target Corp. has signed a lease for a new small-format store in Manhattan near Columbus Circle, at 61st St. and Broadway in Manhattan’s Upper West Side. It’s scheduled to open in fall 2019. Target signed a 15-year lease with AvalonBay Communities for 35,000 square feet. The asking rent was $600 per square foot at the ground-level and $125 per square foot at the lower level and sub-lower level.

The store will anchor the base of AvalonBay’s 172-luxury unit residential tower, designed by Skidmore, Owings & Merrill. The building is one block away from The Shops at Columbus Circle, which was formerly known as the Time Warner Center, before the media company decided to move its headquarters to Hudson Yards.