When we posted last week about the Smith Street boutique Flirt closing, we didn’t realize that two neighboring shops, Refinery and Area, were also giving up their spaces. The latter two business are relocating to nearby storefronts, but all three needed to vacate because their landlord sold off the buildings in which they’re housed. The sale was part of a package that included the lot on the corner of Degraw, and it was being marketed for $3.5 million. The sale hasn’t hit public records yet, but a sign on the buildings informs that they’re in contract, and a source close to the deal says the portfolio went pretty close to asking. No clues from DOB filings yet about the shape of things to come.
Room for a New Big Box on Smith Street? [Lost City] GMAP