Struggling Fifth Avenue landmark Scribner Building gets a new chapter

The noble but neglected Scribner Building on Fifth Avenue has renewed the lease for its last remaining tenant at a higher rent, marking the first good news in many years for the landmarked property where F. Scott Fitzgerald and Ernest Hemingway used to meet their publisher. Apparel retailer Club Monaco agreed to extend its lease through 2031 at a price of $208 per square foot, according to court records, a substantial increase from its previous rent of $125 per square foot. Officials at real-estate services firm JLL say more good news is to come. “We’re just now starting to show the building,” said property manager Carolyn Austin. “It’s been through some things.”Located at 597 Fifth Ave. on the corner of East 48th Street, the former headquarters and bookstore for publisher Charles Scribner has lost nearly all its tenants since 2020. The 12-story, 67,000 square foot building’s exterior and interior are both landmarked and the upper-floor spaces are small.  Landlord Thor Equities “effectively abandoned” the building, a receiver said in a court document, adding Club Monaco officials seeking to negotiate a lease extension last year “were unable to reach a responsible party willing and able to negotiate one.” Austin said maintenance staffers took care of the 111-year-old building without pay. Neither Thor Equities, which is led by Joe Sitt, nor legal representatives responded to a request for comment. A spokesperson for Thor told The Real Deal in January that it had... Continue reading at 'Crains New York'

[ Crains New York | 2024-05-07 09:48:08 UTC ]

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Tinged with love and sadness, Marjan Kamali’s new novel ‘The Stationery Shop’ is an ode to an Iran that no longer exists. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2019-07-28 22:04:19 UTC ]
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The Tiny Traveling Bookstore that Wanders the French Countryside: Critical Linking, July 26th, 2019

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[ Book Riot | 2019-07-26 10:30:14 UTC ]
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The New York Times profiles Louise Erdrich’s Native American-focused bookstore.

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[ Literrary Hub | 2019-07-25 17:50:55 UTC ]
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A British Indie Bookstore Owner Holds Barnes & Nobles’ Fate In His Hands: Critical Linking, July 25th, 2019

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[ Book Riot | 2019-07-25 10:30:48 UTC ]
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The Ripped Bodice Bookstore Announces New Award for Romance Fiction

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[ Book Riot | 2019-07-24 19:31:39 UTC ]
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At D.C.’s Newest Book Store, the Best Customers are Toddlers

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[ Literrary Hub | 2019-07-19 08:45:53 UTC ]
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[ Literrary Hub | 2019-07-18 08:48:16 UTC ]
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The New York Times would like to have a private word with you

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[ Advertising Age | 2019-07-17 18:51:36 UTC ]
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Powell’s employees protested a reading by the author of The Red Pill.

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[ Literrary Hub | 2019-07-17 18:00:11 UTC ]
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Japan’s Kinokuniya Announces 33rd Overseas Bookstore in Abu Dhabi

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[ Publishing Perspectives | 2019-07-16 05:30:52 UTC ]
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[ Literrary Hub | 2019-07-12 15:33:15 UTC ]
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[ Literrary Hub | 2019-07-09 20:01:37 UTC ]
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[ Publishers Weekly | 2019-07-09 04:00:00 UTC ]
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[ Silicon Valley Business Journal | 2019-07-08 10:53:45 UTC ]
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