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This summer, WWD reported that Wisconsin-based big box store Kohl's had its eye on several locations around midtown. Today, Crain's brings us the story of one of those locations, 1775 Broadway, a Columbus Circle development that will be in trouble if Kohl's doesn't move in. It's a classic boom-and-bust tale: The building's owner took out a big mortgage and began a $60 million renovation two years ago, back when $60 million renovations seemed like a good idea. Now, he can barely cover his debts, and ConEd has threatened to turn off the lights and gas. Kohl's has considered renting five floors of the building, although as Crain's points out, it's hard to imagine them trying to operate a department store in the dark. Other sites they're considering include 224 W. 57th Street and a space in—brace—Union Square.
· Storecasting: Kohl's Wants In on the Manhattan Action [Racked]
· Kohl's eyeing troubled Moinian tower [Crain's]