Agreement reached to tear down most of Admiral’s Row (Brooklyn Paper) The city and National Guard reached an agreement to save two decrepit, yet historic, buildings in the Brooklyn Navy Yard and destroy eight others, ending an impasse and allowing the Navy Yard to proceed with its controversial plan to build a supermarket.
Toys R Us buys FAO Schwarz (Reuters) “We will work tirelessly to preserve the distinctiveness and integrity of the FAO Schwarz stores and brand as we grow the business,” Jerry Storch, chief executive of Toys R Us said in a statement.
Roosevelt Island tram unlikely to close in July as planned (Roosevelt Islander) “As of today, tentatively postponed until September, to reopen February. Will finalize decision tomorrow. All parties are here in our office for progress meeting.”
Free waffles on Thursday (@waffletruck on Twitter) We’re pretty happy with our new truck. In fact, we SO happy we’re giving out free waffles tomorrow betw 12pm and 1pm (at 45th and 6th).
Payard Patisserie warns workers the shop may shutter (Crain’s) Landlord, Stephen Kirschenbaum, wants to double the rent for the space on Lexington Avenue between East 73rd and East 74th streets to $1 million annually.
Burberry tonight flips the switch on its new skyline neon (Shophound) Older New Yorkers will remember this space as one that once held the Newsweek sign and, more recently, one for New York Magazine, but now it belongs to the British luxury brand who has won the signage by taking four floors in the building for its headquarters serving both North and South America.
