[lit-ideas] signs of apocalypse
- From: Eric Yost <mr.eric.yost@xxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Wed, 21 Oct 2009 13:57:05 -0400
Man is born free, but is everywhere in chain stores.
Manhattan’s First Costco
Costco opens on Nov. 12 at East River Plaza in
Harlem, a development project that has taken
nearly two decades to complete. The
110,000-square-foot Costco wholesale warehouse
club will be Manhattan’s first. And annual sales
at the East Harlem store are expected to exceed
$2,000 a square foot, about double the average,
according to Jeffrey H. Brotman, the chairman of
Costco.
Next spring, Target, Best Buy and Marshall’s will
start moving into the development, which is being
built by the Blumenfeld Development Group and
Forest City Ratner.
As the project dragged on, the price tag ballooned
to $500 million, compared with the 1999 estimate
of $150 million. And the process took so long that
the developers had to redo the leases for the
store and one of the original developers sold its
interest. In contrast, Gateway at Bronx Terminal
Market, on 149th Street in the South Bronx, took
just five years to build, though it is twice the
size of East River Plaza.
from:
http://cityroom.blogs.nytimes.com/2009/10/21/state-senate-to-consider-expelling-monserrate/
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