Wal-Mart Is Looking At…Ridgewood?

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Wal-Mart, the world’s largest retailer, was thwarted in its quest to lease at Related Companies’ retail center in East New York, Brooklyn. But sources tell the Observer that the company is looking at some vacant land that would support a 300,000-square-foot store near the Queens-Brooklyn border. One possibility: Ridgewood, near the rapidly gentrifying Brooklyn neighborhood of Bushwick, according to Douglas Elliman broker Faith Hope Consolo. Meanwhile, a Wal-Mart spokesman told the salmon paper that there’s “nothing new regarding Walmart in NYC,” but said that New Yorkers want to shop at the store and travel to suburban locations to do so. The company’s most recent quarterly earnings missed estimates.

Photo: Wal-Mart

2 Comment

  • “Rapidly gentrifying”? You don’t live here, do you?

    In any case, the only sites we can imagine for this would be along Metropolitan Avenue near the border with Maspeth?

  • One of the beautiful things about Ridgewood are the mom and pop stores .. the grocery stores , clothing stores, ice cream stores , bakeries on and on . If Wall-Mart opens kiss all that good bye. If so, there goes the special character of the neighborhood . Good luck . Born and raised in Bushwick , Ridgewood , Queens … still love it.