Kidz Club is coming to Queens.
The children’s indoor playground chain signed a 32,500-square-foot lease in Omni New York’s recently completed mixed-use development known as Archer Green at 92-23 168th Street in Jamaica.
Kidz Club, which currently has three locations in Connecticut malls, will pay $ 25 per square foot on its 20-year lease.
“Their intention is really to expand their footprint in this area,” said Greg Parassio, managing partner at Booth Capital, which represented both Omni and Kidz Klub in the deal. “They thought the Jamaica Ave retail corridor offered them an ideal place to plant their New York flagship.”
Kidz Klub takes over almost half of the approximately 70,000 square meters of retail space on the development and joins an 18,000 square meter Aldi supermarket and a 2,500 square meter Taco Bell. The 400,000 square feet of living space above includes 387 apartments, all of which have been designated as affordable.
“We have primarily leased this [project] through the depths of the pandemic, ”Parasio said. “But the groups we were targeting were relatively safe in recession [and] pandemic evidence. “
The development officially opened in December. In addition to retail and residential space, it includes a parking garage designed to accommodate 130 vehicles and a 16,000-square-foot community center. The project erupted in October 2018 after Omni received a $ 170 million debt package from the city’s Economic Development Corporation.
Located on what was once an underutilized parking garage managed by the New York Police Department, Archer Green is the first major project completed under the Jamaica NOW Action Plan, a $ 153 million initiative aimed at revitalizing the neighborhood through strategic investments.