- Kent Avenue = Drug Store Alley [✜]
The Post is reporting that CVS has signed a 20-year lease for 13,000 square feet of retail space at the Edge on Kent Avenue. The asking rent on the space was $55 a foot, which might be reasonable given the business that Duane Reade is doing a block away - $2.5 million in sales over the past three months according to the Post. Luckily for the folks at the Edge, they won't have to walk that long block for band-aids and ramen noodles.
For those of you holding out for an Apple Store at the site, you shouldn't be too surprised. This is, after all, the developer who promised us Enrique Norten and gave us Stephen B. Jacobs. (Though promising us an Apple Store and giving us CVS is a far worse trade.)
[Via The Real Deal