Astor Place Starbucks closes after nearly 30 years in business

Opened in 1995, the store brewed its last beans on Sunday.FOX 5 NY spoke to New Yorkers in the neighborhood who said the closure had left them "shocked," while others said good riddance, criticizing the company for its efforts to resist employees unionizing.Some experts say that the driving force behind the closure may have been a topic New Yorkers are all too familiar with: sky-high rent prices.

"These inflated super-high rents is sort of like the landlords are looking for these bigger companies to subsidize what they're not getting from their standard vendors in this location and I think they've reached their limit." Starbucks did not confirm the closure was a result of a rent hike, but a spokesperson provided fox5 with a statement, saying quote:"We're honored that our Astor Place store has been a part of the East Village community for almost 30 years.

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Astor Place Starbucks closes its doors for good after nearly 30 years in businessThe coffee company said they did not take the decision to close the store lightly.
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