Cake Shop Will Likely Sign Ten-Year Lease at 152 Ludlow

Posted on: July 25th, 2012 at 6:08 am by
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A mere three months ago, Cake Shop was in dire straits, facing eviction from 152 Ludlow Street. Things are looking much better these days for the Lower East Side venue.

The seven-year-old cafe and performance space first announced its instability back in mid-April, with a widespread email asking for support.  Basically a quickie loan. There were reportedly some “bogus fines” in the amount of $10,000 that required payment. Lucky for them, an angel shelled out the cash at the eleventh hour.

But word broke shortly thereafter that another lump sum was needed to clear additional “financial hurdles that all compounded over the past 3 months, including new Real Estate Tax to landlord, added security costs, and changes to the forms of ID we are allowed to accept.” Enter the PledgeMusic crowdfunding campaign, which, in its two-month run, was rather successful.  With a fortnight remaining, 368 donors have already pledged to reach a combined 80% of the undisclosed target.

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As a token of gratitude to fundrasing fans, Cake Shop has been staging exclusive benefit performances with indie buzz bands.  Recent acts to grace the dungeon included Clap Your Hands Say Yeah, Surfer Blood, The Band in Heaven, and Shilpa Ray.

What’s more, according to a recent press release, Cake Shop is very close to inking a new lease at 152 Ludlow.

Cake Shop is also pleased to announce that they are close to signing a new ten-year lease. They are hoping for the best and are thankful for the kind words and passionate effort to keep their doors open. Nick,  Andy, and Cake Shop ask that you please continue to go out and support indie businesses all over the world, no matter where you live, and to never take them for granted. These special businesses will try their best to reward you when they can. Cake Shop says, “Thanks again and always keep the music going!”

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