Some kind of wonderful Wegmans will fill a big hole in Manhattan’s Lincoln Square area — but it’s unclear if this is the company’s typically upscale food market, or an entirely new concept.
The head honcho of the privately held grocery chain signed a long-term deal last week for the former Bed Bath & Beyond space at 1932 Broadway between 64th and 65th streets, The Post has learned.
Founded in 1916 by brothers Walter and John Wegman in upstate Rochester, the company now has more than 100 stores along the east coast doing $12 billion-plus in business, all being serviced by more than 53,000 employees.
No stranger to the New York metropolitan area, Wegmans made its long-awaited opening in downtown Manhattan this past October, with hordes of brand fans lining up outside in the early-morning hours to be the first to shop there. Almost exactly four years before that, Wegmans debuted its first-ever New York City market in the Brooklyn Navy Yard.
The company is now led by the third-generation chairman Danny Wegman, with fourth-generation ladies Colleen Wegman serving as president and CEO, and Nicole Wegman as president of Wegmans Brand.
When asked about the upcoming store, a Wegmans representative told The Post, “The space at 1932 Broadway has been leased by Danny Wegman and is a personal investment. At this time, we have no immediate plans to open a store at that location.”
The lease is, however, guaranteed by Wegmans.
The rep added that prior to opening the Astor Place location, Wegmans was working to secure this uptown lease. It didn’t work out, but only after committing to the downtown opening, this Bed Bath & Beyond location became available. When Astor Place opened, Wegman himself restarted talks and then signed the deal.
“At this time, we are continuing to learn from our Astor Place store and will use those learnings moving forward,” the rep added.
Whatever concept does fill the humongous Big Box space will have the use of 58,874 square feet on mostly lower levels in the base of Glenwood Management’s luxury apartment building, The Grand Tier.
“They already have the keys and have been working for many months on the design and mechanical plans, but the timing of getting a permit is always a question in New York,” said Gary Jacob of Glenwood Management. “It will be a significant operation and include sushi. We are very excited for our building and the Upper West Side neighborhood.”
Ripco agents Beth Rosen, Ben Davis, Gene Spiegelman and Peter Ripka handled all aspects of the transaction.
“Having Wegmans in your neighborhood is such a value for the residents,” said Rosen. “It’s the best of both worlds because you can get your organic products and also your household [brand-] name products. The prices are competitive and it’s well-merchandised because the family company cares about every decision.”
No one involved in the transaction would confirm the financials, but others in the industry who are familiar with the space say the asking rent was a blended $3.5 million per year.
The former Bed Bath & Beyond had renewed its lease during the pandemic before it shut most of its stores around the country in 2023. But it left behind its extensive “vertical transportation” system, including two large elevators, and a specially designed Vermaport Cart Conveyor, which is adjacent to the escalators and whisks shopping carts between floors.
Although the ground-floor entrance is a mere 2,245 square feet, there’s a 24,000-square-foot cellar with an 18.5-foot-high ceiling, a subcellar of 23,452 square feet with a 22.5-foot-high ceiling and an 8,777-square-foot mezzanine.
Wegmans locations typically include a dining area that often serves beer and wine, and many are on mezzanines.
“They are good at having a dining component where you can meet a friend or take your family to lunch,” Rosen added.
Stay tuned, because with no permits yet filed it’s still unclear what departments will go where — or if this personal venture by Wegman will include more home goods to fulfill the need left by the demise of Bed Bath & Beyond.
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