Target is coming to Union Square — but not for several years.
While Target has just signed a lease for 32,579 square feet at 10 Union Square East, the space is still occupied by the Food Emporium until the end of April in 2023.
Target is not expected to open before the holiday season at the end of that year.
The space is located within a retail condominium on the northeast corner of East 14th Street opposite Union Square Park in the base of Zeckendorf Towers. It includes cellar storage and a loading dock on Irving Place.
Despite the wait, sources said Target wanted to lock in the location along East 14th Street. The nearly 16-year lease had an asking rent of $183 per square foot.
Richard Skulnik of Ripco Real Estate represented Target while Fred Posniak of Empire State Realty Trust represented the ownership, which also has a Target in its 112 W. 34th St. building.
Other stores at that intersection include Best Buy and Nordstrom Rack.
