“It costs a lot of money to keep a big store like this open and the streets are dead with a lot of mom and pop stores nearby closing.”
The Duane Reade at 40 Wall Street, a 22,000-square-foot space that opened 12 years ago, will go out of business on Oct. 9, according to signs at the opulent store.
Another massive Duane Reade store nearby at 100 Broadway, which opened in 2012, closed over the summer amid a crime wave that has hit drug store chains especially hard, employees told The Post.Petit larceny in the neighborhood is up 13% over the past month compared to a year ago and has soared 100% over the past two years, according to NYPD crime data from the 1st precinct, which covers the Financial District.
“If people aren’t coming to the office five days a week, local retailers are going to suffer,” the real estate exec said. Located in what used to be a Bank of Manhattan Trust branch, it has soaring ceilings, giant gothic archways, limestone walls and the feel of money.
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