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Cherry Valley Marketplace has signed a 40-year lease for space in a mixed-use project Douglaston Development is building in the Bronx

Cherry Valley Marketplace Commits to Douglaston Project in the Bronx 

Douglaston Development has sealed an 8,456-square-foot, 40-year lease with Cherry Valley Marketplace, a New York City-based grocery purveyor. Cherry Valley Marketplace will operate a more than 20,000-square-foot Food Retail Expansion to Support Health (FRESH) certified marketplace at 2856 Webster Ave. and 410 Bedford Park Blvd. in the Bronx’s Bedford section.  Cherry Valley has been operational onsite during the phased development and has occupied this location in its existing store for more than 14 years. 

This transaction is part of the two-phased, mixed-used project that will deliver approximately 467 units of affordable housing to the community at 2856 Webster and 410 Bedford Park upon completion, near the New York Botanical Garden’s 250-acre grounds. 

“Ensuring Cherry Valley Marketplace’s continued operations in the neighborhood has been of great importance as it provides a much-needed food offering to the Bedford community,” said Russell Lang, SVP at Douglaston Development. 


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Douglaston Development

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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