12° Nicosia,
15 July, 2024

Ikea to open store on New York's chic 5th Ave

Ikea has been expanding to city centers in Tokyo, Madrid, Paris and London


IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday.

The new tower, located at 570 Fifth Avenue between West 46th and 47th Streets, will feature an 80,000-square-foot IKEA store spread over two levels, Ingka Group revealed.

"This next phase of our investment and expansion in the U.S. signals our commitment to bring IKEA closer to people in city centers," said Javier Quiñones, CEO & Chief Sustainability Officer of IKEA U.S., in a statement. "While we are in the very early stages of planning for the IKEA location, we can promise to deliver an experience that is full of inspiration and designed to meet the home furnishing dreams of many New Yorkers."

In recent years, IKEA has been expanding into city centers, with stores in Tokyo, Madrid, Paris, and London, according to Ingka Group.

The tower is scheduled for tenant delivery in 2028, though the exact opening date for the IKEA store has not yet been announced.

Currently, the only IKEA store in New York City is in the Red Hook section of Brooklyn, following the closure of a Queens location in 2022. At the time of the closure, IKEA stated, "We remain committed to the New York City area. As we look toward future growth and transformation progress, we will continue to test, explore and develop our IKEA formats to meet our customers where they are. We look forward to sharing details about future projects soon."

[Source: NBC News 4]

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