Openings and closings: Avenue to open, Saga Shoes closed

From left: JCPenney, Pinkberry

The JCPenney in Manhattan Mall is slated to open July 31. Noah Tepperberg and Jason Strauss, owners of Marquee, Tao and Lavo, will open Avenue, a lounge, on 10th Avenue in Chelsea. A boutique called 8B is coming to 38 Orchard Street. Baby Grand has opened at 161 Lafayette Street, near Grand Street. Coffee shop La Colombe Torrefaction has opened at 270 Lafayette Street, near Prince Street.

In Brooklyn, M.a.e., a vintage clothing and shoe store, has signed a 10-year lease at 453 Seventh Avenue in Park Slope, according to a press release from broker Ideal Properties Group. A restaurateur hoping to serve Mediterranean cuisine is coming to 216 Flatbush Avenue. Good Groceries, a dry goods distributor, has signed a lease for 98 Fourth Street in Carroll Gardens. Also in Brooklyn, Tandem, a bar, has opened at 236 Troutman Street, between Knickerbocker and Wilson avenues in Bushwick. Pinkberry has secured another $5.8 million in financing to expand, and competitor Red Mango also plans to open 550 locations across the U.S. over the next five years.

Saga Shoes, at 1333 Third Avenue, has closed. Paper Moon Express on 59th Street between Park and Madison avenues and its sister restaurant Paper Moon Milano have closed. Kobe Club, at 68 West 58th Street near Sixth Avenue, was slated to close this weekend. The supply and lighting businesses on the Bowery have been switching places. The store next to Bowery Ballroom has moved to 171 Bowery following its lease expiration. TRD