This past spring,
Crain's reported that Pearl River Mart, the excellent Asian emporium, would be forced to close at the end of the year due to an insane rent hike.
Now reader Andrea R. writes in with a final (ish) date. A friend who works in the store told her: "
the closing date is around February 10."
Pearl River first opened in Chinatown in 1971. It has since moved twice, but this may be the end of it, due to sky-high rents all over the city. As Crain's reported, "
Pearl River currently pays more than $100,000 a month for its shop, and rent would rise more than five times when the lease expires."
That's over $500,000 per month.
And this is why we need to
#SaveNYC.
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Pearl River MartThis past spring, Crain's reported that Pearl River Mart, the excellent Asian emporium, would be forced to close at the end of the year due … Read More...
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