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Colony Records in Times Square is closing after a 64-year-run selling sheet music, vinyl, and CDs. Jeremiah's Vanishing New York broke the news yesterday, and the Times and the Wall Street Journal had both picked up the story by the end of the day. Located at 49th and Broadway inside the Brill Building, Colony is a New York landmark, known for its knowledgeable staff and wide range of celebrity customers—everyone from Elvis to Michael Jackson shopped there.
Yesterday's stories mostly blamed the Internet for the closure, but today's Post points out another culprit: landlord Stonehenge Properties, which is raising the rent from around $1 million to up to $5 million. According to a listing unearthed by Jeremiah, they're hoping a big box store will move in.
· Colony Music [VNY]
· Colony record store in Times Square may close its [Capital New York]
· Famed Colony Music store in Times Square to close after 64 years [NYP]