Tuesday, March 12, 2013

Daffy's --> Top Shop/Eataly?

Just some various articles that have been popping up in my inbox -- apparently TopShop is in negotiations to rent the former Daffy's Herald Square space, which would probably be a good fit. Additionally, the former Times Square spot (one of the nails in the Daffy's coffin) is being marketed for lease at $2.2 Milllion -- the article states Daffy's lease was only $800,000/year. The company that owns the property wants to try and attract something along the lines of Mario Batali's 'Eataly.'



As for Philly, prior articles have stated that the two bidders on the space are one that ones to use the entire building, and another that only wants the first four floors plus the basement, with the fourth floor as office space.  Additionally, one of the bidders is supposedly a European company, while both are clothing retailers. Just a hunch here, but my guess is that the two bidders are C21 and Topshop. C21 did a similar deal in Paramus, where they took the lease of the former Stern's/Macy's and did not use the entire space, and converted some of it to office space. As for Topshop, it's a bit of a wild guess, but a Philly store would make sense after New York. Honestly, I'd love C21 down here, but could do without Topshop - we have plenty of retailers trying to sell us cheap junk that we don't need another retailer trying to sell it. Then again, I rarely buy much at C21 due to the prices other than ties. But such is why PEURIST was created, to fill that Daffy's gap, and it will hopefully be here for a long while to come. (good segue, no?)

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