MINNEAPOLIS — Target announced plans on Thursday to open a new small-format store in Manhattan located on 42nd St between 7th and 8th Ave in Times Square.  Projected to open by 2022, the Times Square store will be Target’s tenth open or planned small-format store in Manhattan – a priority growth market for the company.

Rendering of planned new store.

Nationwide, Target is reaching new guests by opening small-format stores in urban areas, dense suburban neighborhoods and near college campuses. These stores offer an easy and convenient shopping experience in communities where a traditional-sized Target might not fit.

The retailer has signed a lease with Tishman Real Estate Services for the approximately 33,000-square-foot store, which will offer locals and visitors a quick-trip shopping option in the heart of New York City.