Lois Weiss reports that developer/landlord Related has dropped the asking rent on the massive Union Square Virgin Megastore space (the store is closing in May) from $25 million to $15 million per year. Yowza. Nordstrom had a deal in place for its new cheaper Nordstrom Rack concept, but dropped out. So what may anchor the southeast corner of Union Square? Maybe a Best Buy, maybe a Forever 21 (which would move over from the Whole Foods building) or maybe, just maybe, a CVS. Hooray! [NYPost/Between the Bricks]
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