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Century 21 returns to New York: store opens tomorrow (April 25)


Olga Derkach

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Century 21 rises from the ashes of bankruptcy and will reopen its flagship department store in the Financial District at 25 Cortlandt Street on April 22. Writes about it Commercial observer.

The revived store will be slightly smaller than the original. Only four of the six original store floors will be open.

There are no other details yet. It looks like the network wants guests to just come and see for themselves.

By the way, Century 21 is looking for employees in New York. If you are interested, then vacancies - here.

In 2020, the Gindi family, who own Century 21 through ASG Equities, closed 13 of the chain's stores in New York, New Jersey, Pennsylvania and Florida due to the COVID-19 pandemic. ASG blamed the closures on insurance companies that refused to cover $175 million in damages due to forced closures caused by the lockdown.

On the subject: How New Yorkers Save: From Sales to Vacations in Neighboring States

The department store at 22 Cortlandt Street was one of the closed ones. Another Century 21 store that closed was in Bay Ridge, Brooklyn. It began its work in 1961 after being founded by the Gindi family.

In May 2022, the company announced that it would revive the Financial District location and the brand is expected to partner with Legends Hospitality.

But the Bay Street store might not open like that. ASG has decided to redevelop the property into a shopping center that can accommodate multiple tenants.

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