Breaking: Anthropologie Backs Out of 250 Bowery
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Anthropologie is no longer considering the Bowery in its plans.
For the last couple months, rumors swirled that the company had been “unhappy” with the current buildout at the new 250 Bowery, and was therefore renegotiating their lease. Sources close to the situation now tell us that the deal is now dead in the water, with the popular store having broken their contract yesterday evening. Official reason given was that the landlord failed to meet so-called “performance dates” due to alleged damage from Hurricane Sandy. The nearly 10,000 square-foot ground space (+ basement) is now back on the market for a staggering $1 million per annum.
The loss of Anthropologie is most definitely a setback, albeit temporary, for those grand visions of a gold coast along the Bowery. All the masturbatory real estate literature proclaiming the merits of this anchor tenant is now relatively obsolete. Guess they’ll need to remove the rusty signage…
It seems the Bowery still has some fight left. What do you think will replace Anthropologie here at 250 Bowery.