Thomas Rinaldi of NY Neon writes in to let us know that DVD Depot, an adult establishment on 8th Avenue and 45th Street, has closed. Its doors and windows have been stickered over with Thor Equities' "Retail Space Available" signage.
Last year, as Crain's reported, Thor paid $12 million for the two-story building:
"The building's sale is a sign of the area's changing face from the seedy video shops and fast-food outlets of yesterday to Times Square's newer breed of trendy tenants. The current tenant in the space is DVD Depot, which deals in adult films and has been there for more than a decade. It is on a month-to-month lease and not expected to remain at the site."
Thor's rendering of what they'd like to see here is the usual dull storefront, ideal for a suburban shopping mall chain. In fact, Thor loves those chains--naming about a million of them as selling points in the listing for the space:
"Across the street from the newly renovated Milford Plaza Hotel, and neighboring popular retailers American Apparel, American Eagle Outfitters, Forever 21, MAC, Oakley, Levi’s, Sunglass Hut, and more, and nearby Shake Shack, Chipotle, Starbucks, Dunkin Donuts, Pinkberry, PieFace, Au Bon Pain, 5 Napkin Burger, Jamba Juice, as well as a multitude of restaurants well known in the Theater District, 725 Eighth Avenue is surrounded by only the most successful national and international retailers."
The newly renovated Milford Plaza--also bought by Thor--now has a glassy shopping arcade on its first floor, called "ROW NYC."
Maybe Thor's Joe Sitt bought the building just because he didn't want ROW NYC's suburban tourist shoppers looking out at flashy, trashy DVD Depot from the racks at Aeropostale and Build-A-Bear Workshop.
As for the Depot, it wasn't a famous old-timer of 8th Avenue, but it held its ground and kept the avenue honest. And it got some good press.
Vice awarded the place three out of five chubbies, and Cruising Gays gave it a solid review: "Clean, newer, safe, attendants not too aggressive. Crowd: Very diverse, suits after work and regular guy types most of the time. Not too many trolls or hustlers."