[chris08876]

J&R finds partner to redevelop sites next to closed store


From left: 23 and 31 Park Row, Rachelle and Joe Friedman, and 1-15 Park Row rendering

Plans for the store call for “an unprecedented retailing concept and social mecca,” the owners said in a memo. “In order to facilitate this exciting new initiative, the buildings that J&R occupies have to be totally reimagined and redeveloped.” The owner have not yet decided if an iteration of J&R Music and Computer World will be part of the new complex. Its electronics will continue to be sold online via Amazon.com and the J&R website.

In recent years, the Friedmans shifted the sections of the block-long emporium out of 23 and 31 Park Row and into primarily 1-15 Park Row. The retail buildings have been mostly vacant since the repositioning of the electronics business, sources said.
The developers are considering options for the commercially zoned space, though it is expected they will retain its retail use, sources said.

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April 21, 2014
http://therealdeal.com/blog/2014/04/...-closed-store/