JFK Restaurant Supply Moving Down the Block to 55 Canal Street

Posted on: February 19th, 2014 at 6:00 am by
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When 55 Canal Street went on the open market in March 2012, the ground level anchor – Kinco Plumbing Supply – unsurprisingly moved away. The building later sold for $4.9 million. In the interim time period, the owners completely upscaled the exterior, installing a new glass-paneled facade, revamping the store itself, and giving the brickwork a tannish facelift.

Sources tell us that several nightlife operators considered the corner shop for future endeavors. But in the end, food and beverage is not in the cards. Apparently its pedigree as a commercial supply shop will remain intact. JFK Restaurant Supply from up the block at 57 Orchard Street is reportedly relocating to this larger space.

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Meanwhile, we’re also hearing that the building owner was only interested in drafting a five-year lease. Fitting, as the Jarmulowsky Bank hotel is directly across the street. Once that high-profile joint opens in the second half of 2015, the value of 55 Canal will certainly appreciate.

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