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Caldor opens Bronx location.

One of the Northeast's leading discount retailers, Caldor, opened it's doors this week in The Bronx at the former Alexanders location in Soundview, continuing the company's growth in the metropolitan area and solving, at least temporarily, the vacancy crisis in this neighborhood's only major shopping mall.

The grand opening celebration of a Caldor prototype store at 1998 Brucknet Blvd. introduced the chain's first Bronx store and its third to open in New York City. The site had previously been occupied by Alexander's, TSS and a host of other retailers. It was originally the home of the defunct Korvette's chain.

"We welcome Caldor as another vital anchor in our borough's economic growth," said Bronx Borough President Fernando Ferret, who was joined at the opening ceremonies by Caldor Chairman and CEO Don R. Clarke and other business and community leaders, including TI Sportswear/Everlast President George Q. Horowitz, State Boxing Commissioner Rose Trentman and Bronx Overall Economic Development Corp. President Cecil P. Joseph.

"This store stands at the crossroads of economic development for this area," Ferrer said of the new facility, a completely renovated building within the Soundview shopping center. "It will serve to stabilize the area, providing hundreds of new jobs and stimulating economic activity for local merchants," Ferrer explained.

"Shoppers need not venture to Caldor in Westchester with the convenience of this location, adjacent to both the Bruckner and Cross Bronx expressways. The sales tax of your purchases stay right here in our own city, as well," he said.

The 184,684 sq.ft. Bruckner Blvd. store will employ approximately 575 full and part-time workers, as well as a new 'upscale' display image characteristic of the chain's newest stores and planned remodeling of older ones.

"When Alexanders closed in 1991, due to bankruptcy problems suffered by the labled Bronx-based department store, we knew this site would not lie vacant for long," said Ferrer. "First, the very fine Bradlees stores bid to come to The Bronx, only to be outbid by Caldor. The reason is simple: The Bronx is a good place to do business and the surrounding communities would support such an enterprise. Today's opening reaffirms the economic viability of The Bronx."

The fifth largest full-line discount department store in the United States, Caldor sells general merchandise from domestics and apparel, to housewares and hardware from more than 140 stores in nine New England and Mid-Atlantic States.
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Title Annotation:discount retailer takes former location of Alexander's Department Stores at 1998 Bruckner Boulevard, New York, New York
Publication:Real Estate Weekly
Date:Oct 13, 1993
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