A tipster has written in that "Pearl Paint will be closing its Canal Street store soon," according to an employee.
The information has not been confirmed with Pearl; however, Tribeca Citizen also notes this week that the Pearl building is for sale or lease: "the store is a downtown icon, and from the sound of the listing, Pearl isn’t likely to survive a transition. The entire six-level, 11,850-square-foot space is listed on Massey Knakal’s website for sale or rent—or teardown."
A mecca for artists, with six floors of absolutely everything art supply, Pearl began closing stores in 2010. People worried about the Canal Street location, but it soldiered on.
Now, at the same time that artists are being pushed further out of town, it looks like time is up for this important piece of the old creative city.
What might come to replace it? The realtor suggests it's an "Outstanding Condo Conversion Opportunity."
And invites interested tenants to "Join Neighborhood Retailers" like Subway, 7-Eleven, Bank of America, and Starbucks...