Friday, August 15, 2014

Report: Shakespeare & Company closes for good at the end of the month


[EVG file photo]

As we first reported back on April 7, Shakespeare & Co. had lost the lease to its longtime home at 716 Broadway.

Now comes word that the bookstore will officially close at the end of this month, an employee told Gothamist.

Per Gothamist:

Right now, books and other merchandise are on sale at the Broadway store for 30 to 50 percent off. Go purchase some, and experience the soon-to-be-extinct joy of turning real, paper pages.

The current asking rent is $50,000 for the storefront between Washington Place and Waverly Place. A broker told The Commercial Observer that is likely two or three times what Shakespeare is paying now.

Previously on EV Grieve:
Reader report: Shakespeare & Company loses lease on Broadway

Shakespeare & Company space is for lease on Broadway
at

8 comments:

  1. nygrumpAugust 15, 2014 at 9:00 AM

    The plan is to rent you your books, your videos, you music. You won't own anything or than disposable clothes and flipflops, and if the cloud is down, your going to be bored. The technofetishists can't wait. They LOVE to be monitored and controlled!

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  2. THE NOTORIOUS L.I.B.E.R.A.T.I.O.N.August 15, 2014 at 9:15 AM

    What a loss. And for what? Another damn fro-yo shop?

    ReplyDelete
  3. EV GrieveAugust 15, 2014 at 9:54 AM

    @ THE NOTORIOUS L.I.B.E.R.A.T.I.O.N

    Likely! But I did notice that the Yohielo FroYo place across Broadway closed back in June. (Maybe because they didn't serve it in a hoof?)

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  4. THE NOTORIOUS L.I.B.E.R.A.T.I.O.N.August 15, 2014 at 11:50 AM

    @Grieve They're making room for dumplings - the new fro-yo! Welcome to the student economy. Cheap, grab and go food to be snarfed down on someone else's stoop because, when you're packed into an apartment with 4 other roommates, there's no room for oxygen let alone a kitchen table. It's no wonder they need constant distraction from an iPhone. It's a miserable way to live.

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  5. Some Other GuyAugust 15, 2014 at 12:11 PM

    Gee, I hope a bank moves in. There aren't enough of those!

    ReplyDelete
  6. JasonAugust 15, 2014 at 1:02 PM

    So sad. Not only was this a landmark store and part of the wonderful old character of the village, but it was also a great place to put flyers. Such charm is continually being lost these days as the soulless large corporations and their drone business employees roll in day after day.

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  7. AnonymousAugust 15, 2014 at 1:31 PM

    I don't know if its accurate but I was told the rent went from 15k to now 50k. Not sure who can pay that except some chain or high end store.

    ReplyDelete
  8. citygrlSeptember 3, 2014 at 9:29 PM

    Another big loss.. and to be \\
    replaced by a Foot Locker! damn..

    ReplyDelete

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