April 24, 2015
Soho's rapidly rising rents have just taken another victim, this time the neighborhood institution potentially being booted is the area's beloved MoMA Design store at 81 Spring Street. Crain's reports that the owner of the three-level, 14,500-square-foot space wants an annual rent of $2.5 million—that's three times more than what the area was asking when MoMA took up residency over 13 years ago.
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