Property Grunt

Sunday, February 13, 2011

The Shack gets sacked

Have a problem with with those franchise stores taking over the city?

No problem.

Over at 866 Broadway, the Radio Shack or Shack is leaving at the end of this month.

That's right, the store with an identity problem is on its way out.
Why? Two words: Rent increase. Of about $10,000.

Which is pretty much par for the course in Manhattan.

Don't cry for the landlord. It appears that the ghost of George Steinbrenner will haunting. According to the chatter a Yankee store will take its place.

Gentrification. You have to love it.

Don't fret though.