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F.A.O. Schwarz On NYC’s Fifth Ave Is Closing!

BY JST NEWS

Courtesy: YouTube

Can Tom Hanks do something about this?

Remember that famous piano scene in his movie Big? (We hear “Chopsticks” now…) It was filmed inside F.A.O. Schwarz – the oldest toy store in the U.S. – now closing its flagship store on Fifth Avenue in New York City.

SEE ALSO: U2’s NYC Subway Jam Session, Captured By Restauranteur Mario Batali

A popular tourist destination, the iconic floor piano has made a cameo in plenty motion pictures. It’s no surprise that fans are livid upon finding out that F.A.O. Schwarz will no longer be located in its original home starting July 15, the first time New Yorkers and travelers won’t be able to shop at the famous toy store since 1870.

In 2009, Toys “R” Us bought the brand. Rest assured travelers, the famous toy store isn’t disappearing, it just hasn’t found a new home. Due to high rent prices in the luxury shopping district, the Fifth Avenue location can’t afford to stay there.

Toys “R” Us released a statement on Friday,

The company is committed to the F. A. O. Schwarz brand and growing its legacy.

In 1870, German immigrant Frederick August Otto Schwarz opened a NYC location known as the “Schwarz Toy Bazaar” at 765 Broadway, which moved to 42 E. 14th Street in Union Square in 1880 and operated at that location until April 28, 1897, when it took over two vacant store locations at 39 and 41 W. 23rd Street. In 1931, the New York City location moved to 745 Fifth Avenue where it operated for 55 years.

According to the New York Times, Toys “R” Us is allegedly looking at a basement space at an office tower at 1633 Broadway but a deal hasn’t been signed. It seem as though the new store probably won’t open before the fall of 2016.

Facebook FAO Schwarz

Photo: Facebook/FAO Schwarz

Toys “R” Us is also planning to vacate its Times Square flagship store by the end of 2016 also due to rising rent prices. It was initially opened in 2001 to ignite new energy to a frumpy Times Square during the millennium.

If this isn’t the end of an era, we don’t know what is. Weep!

Source: Business Insider. Additional reporting by Jetset Times. 

What do you think of F.A.O. Schwarz closing on Fifth Ave? Let us know in the comments.

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Categories: In Crowd

Author:Jetset Times

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