Photo yesterday by Steven
Astor Place Hairstylists was set to close in late 2020 after business plummeted by nearly 90 percent during the pandemic.
However, as announced in November 2020, a group of investors featuring financier Jonathan Trichter, former Hillary Clinton aide Howard Wolfson, pollster Jefrey Pollock and gaming mogul Jeffrey Gural, who's also the landlord at the address, put in the money to keep the shop afloat. (Gural was also said to reduce rent at the time.)
Yesterday, details about a new 10-year lease for the subterranean shop that dates to 1947 at 2 Astor Place (aka 740 Broadway) were announced.
"Astor Place Hairstylists is a New York institution," said Gural, chairman and principal of GFP Real Estate. "As a long-time client I am delighted to see that the business has not only pulled through the worst of the pandemic but is able remain in the same location they've occupied for more than 75 years. They are an important tenant, and we look forward to their continued success."
According to the release, Michael "Big Mike" Saviello, the longtime manager, is now one of the owners.
Previous co-owners John and Paul Vezza retired at the end of 2021, making it the first time since the opening that a Vezza family won't be involved with the shop.
Previously on EV Grieve: