Bye bye, Beacon’s Closet Williamsburg

September 3, 2013 Heather Chin
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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.

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Beacon’s Closet’s other shops in Park Slope and the West Village will remain open.

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