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City Room has confirmed the rumor we heard earlier this week: Kate Spade will open on the Upper West Side. The brand's third Manhattan location will open in the place of the longtime-neighborhood bar The Emerald Inn at 205 Columbus Avenue. The bar will close April 30th; no opening date for the store has been announced.
After 70 years and three generations of owners, The Emerald Inn won't be able to keep up with the rising rent of the increasingly pricey neighborhood. Owner Charlie Campbell presently pays $17,500 a month for the space—had he renewed the lease, the monthly payment would have come to a whopping $35,000. That's a lot of logo wallets.
· With Rent Ever Higher, Irish Pub Gives Up [City Room/NYT]
· UWS Bartenders Think Kate Spade Might Open on Columbus Ave [Racked NY]
· Kate Spade Plans to Start Playing House on the Upper East Side [Racked NY]