Payless ShoeSource on Delancey Street Steps Down After 6 Years

Posted on: April 5th, 2017 at 5:10 am by

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Payless ShoeSource just stepped down from the Lower East Side. Its six-year-old store at 130 Delancey Street – in the base of Blue condos – shuttered last week.

The shelves are empty, leaving the store just another white-box space for the taking.

News of its closure first surfaced in February, when announcements were placed in the windows. They read, “closing here but open near,” referring to the not-so-close location on 34th Street.

To be honest, though, Payless was on death watch since last fall. That’s when the Comprehensive Kids School passed on. At the time, Sinvin brokerage was retained to lease the entire base of Blue condos, and hoisted its tombstone banner signage to advertise the multilevel space. It’s unclear at the moment whether the longtime Children’s Place is likewise affected.

Payless reportedly signed a ten-year lease for 3,300 square-feet in March 2011, with an asking rent of $125 per square-foot. They opened three months later.

Carter Management Corp. acquired 130 Delancey Street in late 2012 for $21 million, according to public record.

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