High Rents Force Howard Sportswear from 69 Orchard Street
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The massive Massey Knakal banner has arrived at 314 Grand Street. As first reported here last month, the Zarin Fabrics building is currently for sale, until now carrying a price tag of $32.27 million. It’s since been reduced to $32 million. In the meantime, one of its longtime retail tenants on the Orchard Street front is leaving.
For the last week or so, neighborhood mainstay Howard Sportswear at 69 Orchard has been advertising a “moving” sale using construction paper signs in the windows. Yup. After four decades on the Lower East Side (this, the most recent locale), the business is relocating to Jersey. East Brunswick, to be precise. As usual, an unreasonable rent increase forced ’em outta here. And there goes another old world hosiery spot.
It’s all probably related to the impending sale. Meanwhile, a TD Bank is still slated for 314 Grand Street…