Is Metropolitan Lumber On Spring Street Closing?

UPDATE:From two sources: Metropolitan Lumber is always available for rent above market rates as the owner has been trying to lease or sell for many years.

Is Metropolitan Lumber on Spring Street closing?  I saw a listing on Showcase.com that is a little disturbing!

Please be discreet: Currently Metropolitan Hardware. One of a kind opportunity as this property has never been on the market. Building within a building – retail / showroom / office. Private parking for 6 cars on Thompson Street. Air rights available (5,121sf). Top floor has 11 sky lights

Source: https://www.flickr.com/photos/mistergalaxy/11217996334/

Source: https://www.flickr.com/photos/mistergalaxy/11217996334/

Metropolitan Lumber at 175 Spring Street is my one-stop shop for odds and end projects around my apartment such as sealing up my windows in the winter or getting copies of my keys made.

Metropolitan Lumber

Is Soho poised to lose a staple in the neighborhood?  The listing is asking $2M a year in rent for the entire building.  The first floor retail space is asking $106 per square foot for $493K per year.

Metropolitan Lumber Soho

Built in 1901 as an IRT substation, this building’s extraordinary high floor loads, wide column spacing, and spectacular ceiling heights permit users to create a fully-realized vision of their ideal retail space. The property is currently being used as a warehouse.

Have you heard about Metropolitan Lumber closing?  Please reach out via Facebook, Twitter, or email at Danielle@sohostrut.com.

[GARD]