NY tenants end search
Further efforts to find a new Manhattan home for displaced ITC tenants were derailed by the Toy Industry Association’s deal to move its annual fall toy show to Dallas - effectively halving the rationale for many manufacturers to have a permanent showroom space in New York as only one of the two major domestic toy shows now remains in Manhattan - and by the ongoing offer for toy companies to take space at 7 West 34th Street, according to a statement released by NYTT this week.
“While the majority of those we have spoken with still prefer to remain in New York City for both shows, for qualitative reasons and to save costs, it is unrealistic to believe enough people will sign leases while Dallas hosts one of the two events. Should the situation change, we will resume a search in the future,” the statement said.
NYTT is advising companies “interested in leasing space within a building with other toy companies in New York City,” to contact them as it will “try to help if there are enough interested parties.”
