The two Modell’s stores on the Upper West Side have been holding liquidation sales in recent days, and staff members there say they’ve been told the stores are closing. But owner Mitch Modell has now sent letters to the landlords for those stores and others asking them to work with him to renegotiate leases, according to the Post.
The letter to store owners asks them to agree to lower and defer rents for just 90 days while he gets the company back on track: “I’m all in on this, both financially and strategically. I will do whatever it takes to save these stores and protect the communities that we have serve[d] and loved for generation[s].”
Modell says the owners of the 23,000-square-foot, “too big a store” at 795 Columbus within Columbus Square agreed to reduce the rent a year ago, “but not enough to move the needle.” Winick Realty Group is listing the store for rent. Winick did not return a call for comment, but there are offers, sources said.
The Post calls it a “Hail Mary” attempt, given the long odds. The company did not respond to our request for comment.