And they’re not the only ones who think that way.
Also affected are Victoria’s Secret, J.Crew, and Pier 17 .
DailyMailUK: Italian designer brand Valentino is suing the landlord of its flagship store on New York City‘s Fifth Avenue, claiming the location is no longer considered prime real estate amid the coronavirus pandemic.
The four-story retail experience closed to in-person customers alongside many other non-essential businesses when the state went on lockdown in March. Soon after, it put up boarding to protect the store from looting, but it has since been removed.
Data from property brokerage firm Cushman & Wakefield states rents averaged $2,513 per square foot when Valentino’s lease began in August 2013.
But as the store partially returns with curb-side pickup for purchases made online, Valentino has filed a lawsuit to get out of its 16-year lease with Savitt Partners LLC, nine years early. more
they ought to be suing Marxist mayor Wilhelm & Clueless gov. Cumho
The Immutable Law of Unintended Consequences strikes again.
The 1970’s have returned. The Dark Tower of DeBlassio is falling and the NY Orcs are on the roll to finally take over with no Guliani Gandalf in sight.
Run kiddies, run.
The left has done everything it can to get a different electorate. The left is now horrified to find that’s all they got. And it won’t pay the bills.
The big liberal cities are going to rot and die on the vine.
That’s a sacrifice i’m willing to make.
How are the landlords going to respond to that? In my mind it’s a hard sell to defend shit smeared and piss soaked anything as luxuriant…
I pray to God that the Governors & Premiers get sued & jailed for sending the sick into old age homes to kill off the elderly!
The US States and Quebec & Ontario in Canuckistan.
di blasio’s work is done.
The man is no less a psycho than obama.
We deserve the misery we’re going through for electing obama, and for electing the Crying Boehners.
NYC deserves DOUBLE misery for electing obama, then electing di blasio – twice.
DeBlasio is close to fulfilling his dream of making NYC Detroit on the Hudson.
This is why we can’t have nice things anymore.
Decay and Rot is the democRAT lot!
After all, they are Ratz!!
They’ll be offered a reduced rate to get them to stay.
And they’ll take it.
Just a ploy at this time…
Those stores have to sell many expensive items to pay that kind of rent.
Ooooh, lost your A+ rating – sucks to be 5th Ave.