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Retail Picking Up in NYC: Coliseum Books, Forever 21 Ink New Leases

NEW YORK CITY-The retail industry here has gotten a bit of a boom recently with Coliseum Books and Forever 21 signing leases in Manhattan for a combined total of 36,000 sf. Forever 21 also inked a separate lease for a 20,000-sf store in Brooklyn.

By Diana M. Rodriguez | Updated on February 06, 2003

NEW YORK CITY-Trendy fashion retailer Forever 21 and the legendary Coliseum Books are preparing for upcoming openings here in 11,000 sf and 25,000 sf, respectively. While this marks Forever 21′s debut in Manhattan, Coliseum Books is returning to the city after a one-year absence.

Hoping to regain its former stature, and customers, Coliseum Books is reopening, and relocating, this April at 11 W 42nd St. The store sat for 27 years on the corner of 57th St. and Broadway, but when its lease expired in January 2002 Coliseum Books closed up shop—reportedly ending its reign as NYC’s largest independent bookstore.

Known for its eclectic selection of books and bibliophiles, Coliseum is hoping to capitalize on its new locale across the famed New York City Public Library. Jansizian Group Ltd. president Philip Metzidakis served as Coliseum’s exclusive broker in a search that took nearly 18 months. “We had to find a high-traffic location suitable for a bookstore,” Metzidakis explains. “We put the pieces together in Tishman Speyer’s building at 42nd and Fifth.”

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