Metro Theater to become Urban Outfitters

Philadelphia-based apparel store Urban Outfitters has signed a 20-year lease for a 15,000-square-foot space in the Metro movie theater building at 2626 Broadway and West 99th Street. The Post first reported the deal this morning. Urban Outfitters is paying $1 million in rent per year to start, with a 12 percent rent increase every five years. The building, erected in 1932, will be renovated before Urban Outfitters occupies the space, which the company expects to do within a year. Construction will include infrastructure work like plumbing and electricity, Winick said. The interior had previously been gutted. Winick Realty Group represented the landlord, and Robert K. Futterman & Associates represented Urban Outfitters. Urban Outfitter’s Web site shows the retailer has six stores in Manhattan and one in Brooklyn. TRD