(Photo by Jefferson Siegel)
The Virgin Megastore in Times Square is going to shut its doors in the first quarter of 2009... Virgin pays $54 a square foot in an area where rents can easily fetch $700, an executive vice president at Vornado told Reuters... It looks like the Union Square store will be caving with rent increases and shutting its doors as well... Sad, this is one of the best stores in Times Square, its massive!!! Shame we wont be back in time to see it again... Wonder what will replace it?