New York mourns as news of the impending closure of Larry Flynt's Hustler Club rocks the city's social world. Now, many are speculating about what new den of sin and debauchery might replace the iconic 12th Avenue gentleman's club.
Oh wait, nevermind. It's just a bunch of boring offices.
Developers Jack Guttman and Steve Schwartz negotiated a preliminary deal to buy the property (plus seven others on the delightfully seedy block), with a plan to build a 240,000-square-foot building that will likely house TV/film production offices. The deal comes a few months following the shocking revelation that the club owes $2.1 million in back taxes on $23.8 million worth of lap dances administered between 2006 and 2008. Perhaps they wouldn't be in this mess if they had only grifted more drunk Delawareans or charged more for drinks, but alas, hindsight is 20/20.
Modern dance enthusiasts will be able to say goodbye one last time, since the club won't shutter until Guttman and Schwartz can secure an anchor tenant for the building. Who knew it would be so hard to sell office space in a building currently occupied by a strip joint?
· "Larry Flynt's Manhattan Hustler Club could be razed in real estate deal" [NYDN]