Saturday, February 28, 2009
Virgin Megastore In Union Square To Close! Arrghh! I had a feeling that this was going to happen! Ok, I guess that is enough exclamation marks. The New York Times reports that the store will close at the end of May or early June. This leaves a gaping retail hole on the South end of Union Square between Broadway and 4th Avenue. The block will now be empty with Circuit City's closing next door. 2 Megastores, zero tenants. Ironically, the landlord, Related Companies (partnered with Vornado Realty Trust) owns Virgin Megastores. It's pretty bad when you own the shop, own the store that the shop is in, and still close up shop.
Posted by Andrew Fine at 8:42 PM