On Monday workers holding up signs advertising 40% off at Papyrus turned heads on Greenwich Ave.
The card and stationery store, which has operated at 268 Greenwich Ave for many years, will close on Jan 31, 2020 along with all 150 Papyrus locations.
A few doors up at 252 Greenwich Ave, the Eileen Fisher store will close this Sunday, Jan 26, 2020. Everything is marked down.
Let’s Make a Deal
Top leasing agent Diane Roth with Allied Property Group said not to worry if a store is closing because likely there is likely a new one right behind it.
“It’s just a changing of the guard,” Roth said. “The vacancy rate is low and turnover is quick.”
“The main streets in Greenwich and our sister communities are becoming lifestyle centers,” Roth explained. “Restaurants, art galleries, jewelry stores and coffee houses are moving in.”
In fact, last year Roth, who helped Seth and Molly Hirschel of Something Natural Greenwich find their space behind Saks in 2017, connected them with coffee aficionado Luca Morabito.
The result was a top notch coffee bar, “Coffee Luca” now a busy gathering spot inside the sandwich shop.
Also, Roth said high-end retail stores do particularly well on Greenwich Ave.
“People want to touch and feel an expensive item before they make a big purchase,” she continued, adding that her phone rings frequently. “We are here to make a deal with more attractive leasing packages than ever before.”
Stay tuned to see what replaces Papyrus and Eileen Fisher. In the meantime check out the sales racks.