The FAO Schwarz toy store in midtown Manhattan will close in July because of rising rents, leaving the 153-year-old brand without a retail outlet.
Boston Properties Inc. expects to renovate the FAO Schwarz toy store space at New York’s General Motors Building as the landlord prepares to re-lease one of the highest-profile retail locations in the city.
Farewell: The legendary FAO Schwarz toy store in New York City is celebrating its last day. The toy store will close for good Wednesday night. Above, customers cover up from the rain and they enter the store on Wednesday
Greeters dressed as toy soldiers pose outside New York's flagship FAO Schwarz toy store in midtown Manhattan. The iconic store location closes on July 15 due to rising rents and online competition, but the FAO brand said it will seek a new location in the city for a 2016 reopening. (Matt Kwong/CBC)