Toys R Us

Midtown, real estate trends

fao schwarz, toys are us, rising rent, gm building, midtown, times square

Image: Gary Burke via flickr.

Beloved toy store FAO Schwarz has announced that it will shutter its midtown Manhattan store on July 15, citing rising rents, reports Bloomberg. Founded in 1862, the store, which is owned by toy chain Toys “R” Us, Inc., is the oldest toy store in the United States. The brand has long been known for its high-end dolls and life-sized stuffed animals and as the stuff of many a tiny tot’s fantasies.

What does the future hold for the iconic toy store?

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