The Little Shoe Store Closes Today After 2 Years on Clinton Street
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Almost immediately after the closure announcement, tombstone “for rent” signage became a fixture in the windows of The Little Shoe Store on Clinton Street. Its time on the block is drawing to a close. Today is the last day of business in real life.
Blame the mid-block construction at 50 Clinton Street for the closure. Owner Sydney Pringle points fingers at the new luxury development for cutting into foot traffic on the block. (Pedestrians often cross from her side of the street to avoid the clusterfuck.) And while the 5% increase in commercial rent was modest ($2,652 per month), the market rate is “a lot when you’re a niche shoe store.”
Pringle will continue her business online and even host future pop-up events.
In the meantime, the Tower Brokerage is already showing 40 Clinton Street to prospective tenants for April move in. Rents for the newcomer are higher for both dry ($2,800) and wet ($3,200) uses. Meaning, another liquor license could be in the offing here.
The six-year-old Little Shoe Store is certainly no stranger to struggle. Pringle relocated the shop from 58 Orchard Street almost two years ago to escape the escalating rent in the so-called bargain district. Before that, it was a move from the East Village.
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