Starbucks Returning to Morristown After 5 Year Hiatus


Abbott Koloff
Daily Record

A Starbucks coffee shop will open by the end of the summer at almost the same spot the Seattle-based coffee company occupied a little more than five years ago.

Starbucks will occupy a 2,100 square foot store at 40 Park, the condominium and retail development on the site of the former Epstein’s Department store, developers of the site announced Monday.

The coffee shop will be located on the corner of Market Street and West Park Place, said Debra Tantleff, vice president of Development for Roseland Property Company. She said a lease agreement was executed a little more than a week ago.

News of Starbucks’ return comes as two other restaurants prepare to open in the same building.

Qdoba, a Mexican fast-food restaurant, and Urban Table, a casual dining restaurant, both will open next week, Tantleff said. Two other businesses, Roots Steakhouse and an AT&T Wireless center, already operate at the site. Roots and Urban table both are owned by the Harvest Restaurant.

Tantleff said 17,000 square feet of the 55,000 square feet of retail at 40 Park have now been leased. Another 11,000 square feet of retail in another building that’s part of the development, the Metropolitan, remain empty.

Developers have said 70 percent of the 76 condos at 40 Park, where the price range is $400,000 to $2.2 million, are sold and all 130 rental units at the Metropolitan, where the monthly rent ranges from $2,000 to $3,600, are occupied.

Read the article from the Daily Record.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s