LIDL US SIGNS LEASE AGREEMENT WITH GRAND STREET GUILD TO BRING HIGH QUALITY, AFFORDABLE GROCERIES TO LOWER EAST SIDE

Today, Lidl US, announced that it has agreed on lease terms with affordable housing non-profit, Grand Street Guild. The 23,000 square foot location at 408 Grand Street will be Lidl US’ third location in Manhattan.

Construction will begin on the property soon. The store is expected to open in summer 2025.

Or Raitses, Senior Director Real Estate at Lidl US said: “Lidl US is excited to expand our presence in Manhattan on the Lower East Side. It was clear from the beginning that our mission – to deliver high quality, affordable groceries at affordable prices and Grand Street Guild’s mission – to provide high quality, affordable housing were the perfect match. We thank the Grand Street Guild for their dedication to the community and for their partnership to bring these basic needs to residents on the Lower East Side.”

Kevin Cronin, Chair of the all-volunteer Board of Directors for Grand Street Guild said: “We took a thoughtful and deliberate approach to finding the ideal group to effectively utilize this retail space. Given our long history of service to the residents of our buildings and the surrounding neighborhood, we could not be more pleased in welcoming Lidl US, and we are especially gratified by their robust approach to and practice of corporate social responsibility.”

Monsignor Kevin Sullivan, Executive Director of Catholic Charities of the Archdiocese of New York said: “Decent housing and food are the core needs that every person has. Grand Street Guild has provided decent affordable housing for almost 50 years. Too many neighborhoods in New York lack decent places for residents to shop for food. Lidl US’ mission of high-quality food at affordable prices makes them a fitting partner. We trust that the families of Grand Street Guild and the surrounding neighborhood will benefit from this addition to the Lower East Side.”

Alicia Carmona, Executive Director Grand Street Guild said: “High-quality affordable housing is our primary mission. We also strive to deliver programs and services that make Grand Street Guild a wonderful place to raise a family or age with dignity and ease. Having an internationally lauded grocery store like Lidl US within easy walking distance to our residents is a huge plus for all concerned. We look forward to Lidl US becoming a must-shop destination for all in our diverse community.”

Lidl US will use Marin Architects as the official architects for the project and CBRE represented Lidl in the transaction.

About Lidl US

Lidl US is part of Lidl, one of the largest international grocers that operates more than 12,000 stores and is active in 31 countries, employing more than 360,000 employees globally. Lidl US offers customers the highest quality fresh produce, meat, bakery items and a wide array of household products at unbelievably low prices. Lidl US first established its headquarters in Arlington County, Virginia, in June 2015, and today sells its award-winning products in more than 170 stores across nine east coast states and Washington, D.C. For more information, visit www.Lidl.com.

About Grand Street Guild Housing Development

Grand Street Guild - a nonprofit organization affiliated with Catholic Homes of the Archdiocese of New York - has provided affordable housing for thousands of families on New York City’s Lower East Side for 50 years. Home to over 1,500 residents in 600 units, this HUD-sponsored complex is currently composed of three 26-story towers, located at 410 Grand Street, 460 Grand Street, and 131 Broome Street. A fourth building at 165 Broome Street featuring an additional 232 fully affordable apartments will open later this year.

Social services provided by Catholic Charities professional staff range from managing a popular food pantry – the Nutrition Access Center - to activities for all ages in the recently renovated community room and cultural programming in a spacious outdoor amphitheater. Residents can enjoy quiet outdoor leisure time in park-like open space, with its inviting benches, lawns, and pathways.

Grand Street Guild – “an island of affordability” - has reaffirmed its commitment to affordable housing through a use restriction with HUD, to guarantee affordable rents for all 600 apartments through 2050. With deep roots in the dynamic and diverse Lower East Side community, Grand Street Guild is committed to providing safe, clean, and well-maintained housing and social programming to enhance the lives of all its residents—from young families to seniors seeking a nurturing environment. It is the Guild’s mission to continue to ensure New York City remains diverse and affordable long into the future.

About Marin Architects

Marin Architects is a full-service architecture firm offering intelligent, expressive architectural design solutions. Combining expertise in architecture and compliance, the firm collaborates with clients to understand their needs and develop astute, straightforward designs. Through collective knowledge of coding, zoning, and technical and conceptual elements, Marin Architects resolves complex interrelationships into cohesive wholes. The company's diverse portfolio spans retail, residential, education, healthcare, and hospitality projects for industry leaders. With a commitment to excellence, Marin Architects delivers innovative, functional spaces that exceed expectations.