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A Good Neighbor for Manhattan's Chelsea Market

Posted On: Dec 6, 2019   |   Posted By: WWD

Neighborhood Goods, a reimagined department store concept that's attracted $27.55 million in Seed and series A funding rounds - along with the interest of shopping centers - on Dec. 7 will unveil its first Manhattan unit at Chelsea Market. The 4,500-square-foot location will occupy what is arguably the property's best piece of retail real estate, a high-profile location with valuable frontage flanking one side of the main entrance on Ninth Avenue, and opposite Anthropologie.
The Chelsea Market store is Neighborhood Goods' second unit to open, following the inaugural 14,000-square-foot location at Legacy West in Plano, Tex. A third store with 10,000 square feet of space is scheduled to bow early next year on South Congress Avenue in Austin, Tex. “There will be a lot more stores,” said Matthew Alexander, cofounder and chief executive officer of the Dallas-based company. “We don't want to be everywhere. We'll be cautious and take our time. We'll open a few more next year.”
In deference to its location at...

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