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Blame it on Diddy. Crain's reports that after Sean "P. Diddy" Combs opened his Sean John store at Fifth Avenue and 41st Street, building owners have been looking to make that stretch of Fifth more upscale (more than the Best Buy) and the owners of 500 Fifth Avenue is "forcing out" tenants, such as tobacconist to the world Nat Sherman. The owners are hoping to get a luxury retailer to pay $425 per square foot (pricey, but probably much less than whatever they pay on Fifth in the 50s or 60s). Anyway, we almost can't imagine Nat Sherman at that corner. Nat Sherman told Crain's they "are close to signing a lease at 12 E. 42nd Street," because their "roots are in this neighboorhood."
The move will occur next spring.
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"Luxury" retail rents in the 50's on 5th are more in the $1000 psf range.
Yeah, that's a good deal at 500 Fifth Avenue, then.
"The owners of 500 Fifth Avenue is 'forcing out?'" They is, is they?
"Anyway, we almost can't imagine Nat Sherman at that corner?" You don't have to imagine it. They're still there.
Sigh. At least this time I get the gist of the story.
lol @ the above commenter's name - I agree, some actual double checking of the story for spelling and grammar before it's posted would work really well for this site.
Well, yeah, it is kind of mysterious why Jen can't send each article to some other person (Jake?) who reads it, edits it, then posts it. That's how I would set it up.
let me know if you ever need stuff proofed. i do it freelance for random house.
that's horrible about Nat Sherman. I hate when little pieces of NY disappear. Sad.
No reason to get all sentimental about "pieces of NY" dissappearing, Nat Sherman's has only been there since the early 90's.
Hey NY'er... you totally miss my point. It's ok... cause you're from NY. It doesn't matter if the store has been there since the 1990s. It' a great spot for a NY institution... but I guess that doesn't really matter to you, eh, NY'er?
"by the way"....have you considered decaf?
NY'er... have you considered neutering?
I was simply implying that it seems silly to me to morn the loss of a 16 year old retail establishment. Even silly to imply that it is some sort of NY institution, it is a store for crissakes. There is certainly no reason for personal attacks, simply because I have a different opinion....someone needs to get out in the real world every once and a while instead of trolling on blogs.
Nat Sherman has been in NYC since the 1930s. Read: it's New York institution. Read its history. It's fine to have a different opinion, but an informed opinion is probably a better way to go. Sorry for the personal attack, but NY'ers get on my nerves sometimes. My apologies.
Hey, proofreading 'r us: Ever heard of capital letters? I suspect Random House uses them. Maybe you should figure them out before you offer your services.
oh the irony... is always lost on this crowd...
It IS sad. I work across the street from that building, and I've always called it 'the Nat Sherman's building' because it's got no name. I don't know what the article's talking about when it says it can hardly imagine it even being in the neighborhood. It's been here for awhile and they're great neighbors. The new building management has actually been very discouraging in its treatment to old tenants in an effort to get more expensive tenants to move in.
It's a "New York institution" that's already relocated more than once in its history. The fact that they might move less than half a block down the street isn't exactly choking me up. The loss of the humidor lounge on the second floor, on the other hand, now that's a damn tragedy.