Fairway Plans Downtown NYC Site

NEW YORK — Fairway Group said Monday it is planning a new, two-story supermarket in New York’s Tribeca neighborhood — the chain’s first location in lower Manhattan.

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The 52,242-square-foot store will be located one block from a popular Whole Foods store, in a largely upper-income residential area. An Amish Market, another upscale New Food chain, is also located about a block away.

The store is expected to open in fall 2014. It will be the first Fairway location in Lower Manhattan and the 16th Fairway food store in the tri-state New York, New Jersey and Connecticut region.

Fairway, which had an initial public offering earlier this year, operates high-volume speciality stores.

Read more: Fairway Posts Loss in 1st Public Quarter