We all figured it would happen eventually, but now it’s been confirmed: Vornado will close the Times Square outpost of the Virgin Megastore during the first quarter of next year, in hopes of getting a rent much higher than the $54-a-square-foot rate being paid right now. “We bought the Virgin business to wind it down to get a hold of the real estate,” Retail Real Estate Division head Sandeep Mathrani told Reuters. Well, at least they were honest about it. (Related, which holds the lease on the Union Square outpost of the store and co-owns Virgin Megastores with Vornado, hasn’t announced its plans for that store yet, but the property’s lease expires next February.) What tenant will go in there next remains something of a mystery–especially when you think about how the space that once housed the Dave & Bustery video-game-bar Bar Code, which is right next door to Virgin, has been vacant for a few years now–but we have some suggestions!
A Long Island house owned by 50 Cent burned down this morning, and six people went to the hospital as a result of the blaze, according to Newsday. More »
A Long Island house owned by 50 Cent burned down this morning, and six people went to the hospital as a result of the blaze, according to Newsday. More »
From the “pouring your money into other assets before your company’s stock price sinks below $5” department comes this item about Warner Music Group’s CEO: “MUSIC mogul Edgar Bronfman Jr. is stockpiling Manhattan apartments. More »
Menswear designer John Varvatos will apparently open a boutique at 313-315 Bowery sometime in the next few months. So why is this Idolator-worthy news–because Varvatos used a snake-bedecked Alice Cooper as a model recently, and is a “fan of musicians and the rock scene”? More »
Menswear designer John Varvatos will apparently open a boutique at 313-315 Bowery sometime in the next few months. So why is this Idolator-worthy news–because Varvatos used a snake-bedecked Alice Cooper as a model recently, and is a “fan of musicians and the rock scene”? More »
Much like socialism or butterfly pinkie-toe tattoos, the greatness of the Doors is one of those things that you feel very passionately about in ninth grade, and then forever regret (this applies to everyone but Ray Manzarek). More »
