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New York & Tri-State  + Midtown New York  + Retail  | 

ALDI Set to Make Times Square Debut in 2026

Taconic Partners and National Real Estate Advisors have signed a lease with grocery chain ALDI at The Ellery, a new luxury rental tower at 312 W. 43rd St. The 25,000-square foot ALDI location represents its first foray into Midtown Manhattan.

“The ALDI flagship location at The Ellery marks a major milestone in the transformation of the Times Square area into a premier residential destination,” said George Tsapelas, SVP, Taconic Partners. “ALDI is an ideal neighborhood partner, offering the West Side a much-needed grocery store that will resonate with our residents and the community.”

A CBRE team led by SVPs Lon Rubackin and Michael Kadosh and associate Bevan Cohen represented the ownership group. ALDI was represented by vice chair Esther Bukai from Ripco. Opening of the ALDI location at The Ellery is anticipated in 2026. The lease signing comes on the heels of full lease-up of the property’s apartments.

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Inside The Story

Taconic's Tsapelas

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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