Bye bye, Beacon’s Closet Williamsburg
Beacon's Closet's flagship consignment shop in Williamsburg will be closing its doors and relocating to Greenpoint thanks to rising rents. (Photo courtesy of Beacon's Closet)
Beacon’s Closet, a veritable landmark of Williamsburg’s decade of gentrification, will be leaving its flagship shop at 88 North 11th Street–located across from the Brooklyn Brewery–and instead opening a new, 7,500-square-foot shop at 74 Guernsey Street in Greenpoint. The reason? Rising rents.
As reported in Crain’s, the vintage consignment store’s founder, Carrie Peterson, explained that it feels as if rents are rising “arbitrar[ily]” in the hopes that a big buyer will come in. According to Kalmon Dolgin Affiliates Co-President Neil Dolgin, rents in the neighborhood are “approaching $60 per square feet–a six-fold increase from 10 years ago.”
The space will be taken over as part of an expansion by next-door neighbor, Vice magazine.