Hobby Lobby inks massive Tribeca lease

The Oklahoma-based arts-and-crafts retailer known for its ownership's conservative political leanings is coming soon to Manhattan.Hobby Lobby, which opened its first chain in the city on Staten Island in March, has now signed one of the largest leases in Manhattan so far this year, inking a deal for 70,716 square feet at 270 Greenwich St. in Tribeca, according to a new report from JLL on the state of the retail sector for the second quarter of 2024.Hobby Lobby has more than two dozen locations across the Empire State but so far only one is currently open in the five boroughs, at 280 Marsh Ave. on Staten Island, where former President Donald Trump received 61.6% of the vote in 2020.A representative for the faith-focused store, whose core values include "Honoring the Lord in all we do by operating in a manner consistent with Biblical principles," indicated that the retailer was looking to expand elsewhere across the city and would have "more exciting news soon" after the March opening on Staten Island.Hobby Lobby's Manhattan debut was the highlight of the recent JLL report, released July 3, which shows that, overall, the city's volatile retail market continues to bounce back as the average asking rent is up this year compared to last, while the availability rate is down, reaching its lowest level on record. The average retail availability rate hit 15.3% last quarter, down from 21% before the pandemic in 2019 and significantly lower than the peak at 28% in 2021, according to... Continue reading at 'Crains New York'

[ Crains New York | 2024-07-09 09:48:05 UTC ]

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[ Publishing Perspectives | 2021-08-13 20:06:29 UTC ]
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10 Bookstore Romances To Get Lost In

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[ Book Riot | 2021-08-11 10:36:00 UTC ]
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Nach Waxman, Founder of a Bookstore Where Foodies Flock, Dies at 84

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[ The New York Times | 2021-08-08 00:23:01 UTC ]
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5 Ways Working at a Used Bookstore Changed Me Forever

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Area man hangs on to dream, reopens bookstore after 25 years.

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[ Literrary Hub | 2021-07-28 18:29:10 UTC ]
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CALIBA Names New Coexecutive Directors

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[ Publishers Weekly | 2021-07-26 04:00:00 UTC ]
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The Children’s Bookstore set to close after 43 years in Baltimore

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[ Baltimore Sun | 2021-07-23 20:26:06 UTC ]
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Saqi Books in London Hit by Monday’s Flash Flooding

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[ Publishers Weekly | 2021-06-25 04:00:00 UTC ]
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The Most Beautiful House in the Neighborhood, by Kristina Gavran

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How Lin-Manuel Miranda and Friends Made an Old Bookstore New

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He watched two missiles destroy his bookshop. 'My soul came out of me'

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