Wednesday, September 25, 2013
Army & Navy Bags reportedly spared from crippling rent hike
DNAinfo's Serena Solomon reported yesterday that the shop will likely be able to remain open after its landlord Serge Hoyda agreed to a lower rent increase than he had initially offered.
Last month, Hoyda said he would nearly triple the $3,800-per-month rent for the 300-square-foot space, as BoweryBoogie first reported.
The new leases isn't a done deal. The landlord is still drawing up the papers. There was also a demand to "improve the front of the store to look more like other tenants along the block, including the pricey new restaurant Preserve 24, Russ & Daughters and American Apparel," Solomon wrote at DNA.
[Image via Yelp]