FAO Schwarz Store on 5th Avenue Closing (rent, condos)

[Chava61]

Very sad as a main iconic tourist attraction is closing!

http://www.nydailynews.com/life-styl...icle-1.2224144

[Blackbeauty212]

Rent's Too Damn High, like everyone else. Rents are killing this city.

[Dangerous-Boy]

Originally Posted by Blackbeauty212

Rent's Too Damn High, like everyone else. Rents are killing this city.

I think amazon, walmart, and too much made in china crap killed it.

[Bronxguyanese]

Originally Posted by Chava61

Very sad as a main iconic tourist attraction is closing!

http://www.nydailynews.com/life-styl...icle-1.2224144

It's closing again? What happened? I hope wealthy folks and European tourist are not buying their kids free range toys.

[Citizenrich]

No stores. No schools. No cars. No Parks.

Just condos.




This peak is pretty high. The trough will be low. "I paid $2500 a square foot for that?".

[bluedog2]

Originally Posted by Chava61

Very sad as a main iconic tourist attraction is closing!

http://www.nydailynews.com/life-styl...icle-1.2224144

I don't think it's sad at all.The real FAO Schwartz died 30 years ago and the place that is there now is just an annoying over priced souvenir shop for rich tourists.

[Arxis28]

The store is most likely moving to Times Square where it's closer to kids and families.

[antinimby]

Times Square rent is just as high if not higher.

[nyctc7]

Originally Posted by bluedog2

I don't think it's sad at all.The real FAO Schwartz died 30 years ago and the place that is there now is just an annoying over priced souvenir shop for rich tourists.

Yes. The old Schwartz, there was something magical about that place. The one now is nothing really special...like a Macys in anytown mall USA vs. the Herald Square original.

When I as a kid, man I wanted the kid-sized military uniform (page 136):

1967 FAO Schwarz Christmas Catalog

Those were the days--great model trains set up in the store, Macys even had a magician on staff to demonstrate and sell tricks to the kids.

[Cida]

Really shows you how incredibly greedy landlords have become, because I'm sure the rent was already sky-high. In fact, that's what's missing from the article. I'd love to know what they're currently paying.