Good Luck Spa Moves to Orchard, Leaving Behind Vacant Grand Street Development Site
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The removal of four small businesses from the one-story strip of pastel retail at 330-332 Grand Street is but the beginning. We hear chatter that this might be the opening volley in the inevitable redevelopment of the mid-block commercial structure.
The Good Luck Spa at Grand Street was the last to leave, having departed four months after the Johnny-come-lately head shop. Other victims included Montgomery Stationary (relocated to Brooklyn) and Isaac Sultan & Sons Hosiery (moved to Ludlow Street). As for the aforementioned massage parlor, it too is staying nearby. It’s been building out the former home of the Tanja Grunert gallery at 33 Orchard since early February, even encountering some issues with the Department of Buildings along the way. Reopening is nigh – April 15, according to handbills taped to the windows.
Meanwhile, one Boogie tipster who attempted to purchase the parcels of 330-332 last year noted that the site has been unofficially for sale for quite awhile now. Apparently ownership is holding out for a sale price greater than the market value, and in the meantime, adding retail that agrees with a termination clause once the building is sold. Purported price sought is thought to be in the range of $12 to $15 million, but this number has not been confirmed.
So, it’s technically still possible that other retail could arise here.