This page contains a single entry from the blog posted on August 25, 2012 1:45 PM. The previous post in this blog was Farewell to the 9 Broadway. The next post in this blog is Alleged perv priests were seminary buddies. Many more can be found on the main index page or by looking through the archives.

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Saturday, August 25, 2012

Another era ends

The legendary Colony record store, in the Brill Building on Broadway in midtown Manhattan, is going out of business. You think your rent is bad? Theirs was going up to $5 million a month.

UPDATE, 5:36 p.m.: Speaking of the Brill Building, today's the 50th anniversary of a happy event for some of that building's occupants.

Comments (8)

The story reminds me of my business that used to be on NW Broadway here in Portland. The landlord raised the rent every year and in 2009 it was going up to 10K per month. The economy had devastated my business and I asked the landlord for a small cut in the rent. He said no, I moved and the space is still empty. So far that is over $300K in lost revenue to what I asked to pay. Sometimes landlords don’t make the best business decisions. Anyway I closed the business and now I am not even living in Portland anymore.

How very sad. All the houses and spaces that sit empty are just so much waste.

Somehow the guy was okay with rent of 1 million a month? Just that seems crazy. Jacking it up by a factor of 5, that's even worse.

When they want you gone, for whatever reason, that's how it's done. It's the magic of the market.

They probably want the space back for a cell phone store.

He must have had some awesome business to pay $1 million per month and still be profitable.

What's really sad is that someone felt the need to blur out those faces in the photos. What has this world come to???

That's Google Street View for you. My guess would be that they don't really have to do it under current law, but they're trying to head off the political backlash against their Big Brother ways -- a backlash that could eventually lead to laws against what they do.

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