Google reportedly abandons plan to open retail retailer in NYC
Keep in mind these rumors about Google opening a sequence of retail shops? Apparently, it is not occurring — no less than not in New York Metropolis. In accordance with Crain’s the retail area the corporate leased (and spent $6 million renovating) in NYC’s SoHo district final yr is again available on the market. If the search big is opening a retail location, it will not be at 131 Greene Road.
It isn’t clear if Google is giving up on retail shops altogether, or if it is simply contemplating one other location, however the firm will not lose cash on Greene Road. The property is being marketed as an area for a “model on the prime of their subject,” and carries a annual lease value of $2.25 million — definitely sufficient to recoup Google’s renovation bills. It is a aggressive location, too: simply half a block from the SoHo Apple Retailer.
Alas, no Google retailer is coming to NYC this yr — however I hear Amazon is promoting books in Seattle.