Volume 21, Number 16 | The Newspaper of Lower Manhattan | Aug. 29 - Sept. 4, 2008
Strand books one more month on Fulton St.
Strand Bookstore’s 95 Fulton St. annex will be closing at the end of September, a month later than expected, said owner Fred Bass. The store closing was originally schedule for Aug. 31.
Bass’s landlord offered a lease extension at the current rent and since the sales have been going well, Bass took it.
“We’ve actually added some extra stock there to keep the sale going,” Bass said.
Bass offered to stay at 95 Fulton St. until the street’s water main construction was completed, but he said the landlord refused. He also doubts there will be any extensions past September.
“I think it’s really too late,” Bass said. “He was pretty firm on what he was doing…He said he was very sorry, we were good tenants and he had to look at the numbers.”
But Bass doesn’t know what businesses can afford to rent it for the new price of $100 per square foot for the space, which is just under 1,500 square feet.
“I’m really sad to lose that store,” Bass said. “But with the construction and the rent, it just didn’t make sense to stay there.”
Employees who choose to stay will work at the main store, located at 12th St. and Broadway, a little over two miles away from the annex.
“Our customers aren’t very happy with us because we’re leaving,” Bass said. “But many of them shop at both locations.”
— Sisi Wei