When it was first reported that the massive DSW at the corner of 79th and Broadway was shuttering after a decade-long run shilling discount designer footwear in late 2021, Upper West Siders wondered what would fill the 30,000-square-foot space.
Now, we have an answer: P.C. Richard & Son.
You may be thinking, “Isn’t there a P.C. Richard & Son a mere seven blocks uptown where I can buy everything from a microwave to a mattress?” And while you would be correct, the electronics behemoth is relocating slightly downtown (emphasis on slightly — the address will shift from 2372 Broadway to 2220 Broadway) after an approximately twenty year run.
According to Commercial Observer, P.C. Richard inked a deal with the Zabar family (who own the building, located just steps from their eponymous emporium of culinary delights) to take over the vacant rental. Newmark (NMRK)’s Ariel Schuster and Mitch Heifetz represented the landlord, though no specific terms regarding rent price or lease length were revealed.
“P.C. Richard & Son is excited to continue to serve the customers of the Upper West Side for many years to come,” a representative for commercial real estate giant Jones Lang LaSalle (JLL), who handled P.C. Richard’s side of the deal, said in a statement. The largest chain of family-owned appliance retailers in the U.S., P.C. Richard boasts 66 stores, with the majority in Long Island. The new outpost is allegedly set to open at some point this year.
Prior to its DSW era, 2220 Broadway played host to another haven for bargain hunters on a mission — Filene’s Basement, which lasted from 1993 to 2011, when it filed for bankruptcy. Back then, a commercial real estate broker promised “fashion-forward” tenants would take over the joint. Shoppers will have to keep waiting.