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Pearl Paint, the downtown art-supplies staple on Canal Street, has shut down, Gothamist reported. We previously noted the structure’s real estate listing on April 10, though at that time closure was not yet fully assured, with the listing offering that the “the space can be delivered vacant.”
The listing remains active with the broker, Massey Knakal, but Pearl Paint closed the branch as of last Friday. Employees had been given notice on April 7 that their positions would be terminated April 17; Workers United Local 169, the union representing the employees, alleges that this amounted to the illegal firing of 39 people. A grievance has been filed with the Pearl Paint parent corporation and charges filed with the National Labor Relations Board, according to DNAinfo.
“These people have worked for Pearl Paint for 16 years and they just disregard them,” Julie Kelly, the manager of the New York/New Jersey Regional Joint Board of Workers United and a representative for Local 169 told DNAinfo.
Hyperallergic has not received a response to repeated queries to Pearl Paint’s corporate office in Fort Lauderdale, Florida.
Update, 4/23: An agent for Massey Knakal Realty confirmed over the phone this morning that the building is still on the market. The representative also disclosed that the non-public asking lease price is $825,000 (annual base rent); the “outstanding condo conversion opportunity” is concurrently listed for sale at a public asking price of $15 million.