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Showing posts from September 19, 2007

The Times, The Post, and the Daily News on New York Bookstores

Monday, an article in the New York Times confirmed the story that the Barnes & Noble on Astor Place in New York is closing , and put to rest the rumors we'd been hearing that a new branch would open in Chelsea. The Astor Place branch will close on December 31, citing astronomical rents, the bane of all bookstores in NYC. (Strangely, the quoted yearly rent of $1.15 million for 32,000 square feet works out to only about $35 per square foot -- well within reasonable range, even for a bookstore.) The Times reports that a new B&N will open at 270 Greenwich Street in TriBeCa on November 28, "so the total number of Barnes & Noble stores will be unchanged." However, a Tuesday article in the New York Post makes that last statement questionable. Real estate sources say that the Chelsea Barnes & Noble won't renew its lease when it comes up next May, though Barnes & Noble hasn't confirmed this. But the Post also says the chain may have signed a