Lake Success Shopping Center in New Hyde Park is set to welcome several new tenants, including Target, Burlington, Foot Locker, The Paper Store, Claire’s, and a Northwell Health urgent care center.
These newcomers are a welcome addition for the shopping center, which has grappled with a high vacancy rate in recent years due to the departure of major retailers like Modell’s Sporting Goods, Sears, Pier 1 Imports, and Bed Bath & Beyond, largely owing to their parent companies’ financial difficulties.
The site for Target, one of the prominent new names, was announced in 2019 and is currently under construction, taking over the former Sears space. Inside the space will be a Starbucks and CVS Pharmacy. The arrival of such a well-known retailer, along with others, is expected to attract more foot traffic and entice additional tenants to the shopping center.
“It can’t hurt at all having a big brother like [Target as] your anchor. … Target carries itself, I think, across all the demographics. It’s a price-point store, but it fulfills the desires of Great Neck as well as eastern Queens,” said Robert Peck, managing agent and partner in Lake Success Shopping Center LLC, to Newsday.
Target is expected to open 20 new stores this year, with nine in New York State, mostly in the city. The Lake Success Target’s opening was delayed due to the Covid-19 pandemic.
The Lake Success Shopping Center, originally constructed in 1956, spans 523,583 square feet, according to the CoStar Group, a real estate information provider based in Washington, D.C.
