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57th Street Might Lose Landmark Hammacher Schlemmer Flagship

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Hammacher Schlemmer has had a flagship store at 57th between Third and Lexington since the 1920s, but now the building is on the market and the store's future is uncertain. 57th Street used to be a retail powerhouse, but it's lost some luster in recent years, and when Hammacher's lease expires in September the gadget company isn't sure it will renew.

One company manager told the Post, "I honestly couldn't say who the tenants are on either side of us—I know there's a pizza place—but it isn't the kind of retail that we'd be getting walk-by traffic from." Hammacher might move to the less pizza-dappled northern end of East Midtown, near Bloomingdale's. At least it's not all bad news for 57th Street, though: Auction house Phillips de Pury just signed a lease for 57th and Park, knocking out at least one awkward vacancy.
· Ins & outs on 57th Street [NYP]
· New York Store [Hammacher Schlemmer]

Hammacher Schlemmer

141 E. 57th St, New York, NY