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Though it's still currently up-and-running, one of Pinkyotto's Williamsburg locations sits within a retail complex that's currently for sale, according to Crain's New York. Signage has popped up at the stores occupying 204-206 Bedford Avenue (which also include a Thai restaurant and a deli) with a $23 million asking price.
The impending departure is likely why the mini-chain—with other stores in the East Village, Soho, and Flatiron—tweeted on July 10th that everything at this location is 50% off.
Since there isn't a closing date set, there's no need to start penning your sorrowful good-byes to those adorable teddy bear heads just yet. Plus, you only have to walk a mere two blocks to shop the other location at 218 Bedford Avenue that opened last fall.
Crain's posits that the address will likely turn into a construction site shortly after its sale. "Due to their unusually wide frontage on Williamsburg's main shopping drag, both carry the potential for a developer to tear down the buildings and rebuilt with a focus on retail," the business site writes.—Rebecca Jennings
· More Change Looms on Williamsburg's Bedford Ave. [Crain's]
· Pinkyotto Doubles In Williamsburg With Second Bedford Shop [Racked NY]
· How Pinkyotto Went from One Flea Market Stall to Five Boutiques [Racked NY]