21 December 2007

Virgin Mega Leaving Union Square?

Making the rounds today is the rumour that Virgin Megastore’s space in Union Square is being offered by a real estate broker for Jan 1, 2009 availability.

According to retail sources, New York-based Winick Realty is shopping the space and has sent out packages highlighting its features. The 58,000 square-foot store, with 30,000 on one floor and 28,000 on another, is being offered in total, although the package adds that subdivisions might also be considered.

Virgin Entertainment Group execs left the office last week and were unavailable to comment so its unclear if the company plans to move its downtown location to another space, or if it will shutter the store altogether.

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