The chain’s first-ever Yonkers location is scheduled to open in 2022, bringing with it a significant boost to Westchester’s economy.
Target, one of the nation’s largest and most popular retailers, recently signed a 40-year retail lease at the Cross County Center in Yonkers. Cross County—one of the nation’s first open-air shopping centers—celebrated the first major milestone of the Target project, breaking ground this month on the new 130,000-square-foot retail space.
“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,” says Yonkers Mayor Mike Spano. “As Yonkers welcomes Target, we also welcome more jobs and more opportunities to grow our economy.”
Target will occupy what was once home to a four-story Sears that closed in the summer of 2019. The four-decade Target lease at Cross County Center was the largest retail lease transaction in the nation last year during the pandemic.
“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,” says State Senator Shelley B. Mayer.
Craig Deitelzweig, President and CEO of Marx Realty, which brokered the deal, adds, “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.”
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 for an elevated customer experience. H&M, which has been part of Cross County Center since 2009, will re-open later this month.
The center has attracted some of the top names in retail and dining including the first Shake Shack and Zara in the county, as well as a growing mix of dining and entertainment options, including more than 80 specialty stores and restaurants.
The Target opening is expected in 2022.