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Zarin’s Seeks Tenants for First Floor of 314 Grand Street

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Photo by: The Lo-Down.

This morning Bowery Boogie noted that Zarin Fabric Warehouse, one of the Lower East Side’s iconic businesses, is looking for a tenant to lease the ground floor of 314 Grand Street, its longtime headquarters. A short time ago, we exchanged email messages with David Zarin, the company’s president, about the decision to give up the lower level, while retaining the warehouse space on the upper floors.

Since taking over the company in 2007, David has focused on the store’s core business — selling drapery and upholstery fabric and serving as a custom design center for those products. The main floor showroom was used for the home furnishings business, which has been scaled back in the past couple of years. Right now, David said, it’s Zarins’ clearance floor and features deeply discounted home furnishings, as well as the store’s Hunter Douglas window coverings business.

David indicated he held off listing the space until now due to the economic downturn, but believes the market has now recovered enough to make sub-leasing the space a viable option. Zarin’s leases the building from Grandoral Realty Company/Amster Family Investments, LLC. 

When we profiled David during the summer, he told me the family is always open to new prospects and would consider moving elsewhere for a better deal. But at the same time, David is invested in the community (he serves as executive vice president of the LES Business Improvement District).  Zarin’s has been a fixture in the neighborhood for 75 years.

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