Trending
Vacant Southampton retail must be opened to artists under new law
The grace period to comply with a law to fill up vacant retail spaces is soon expiring
Like it or not, retail landlords in Southampton will be filling empty storefronts with art, according to the Wall Street Journal.
A local law passed last year requires landlords to work with artists to fill storefronts that have been vacant for more than a month. Landlords are still allowed to put up “For Rent” signs.
The goal is to liven up empty storefronts, particularly through the off-season, when many short-term retail tenants vacate spaces, although this year more tenants than usual are sticking around.
Artists provide the work at no cost. A grace period for landlords is expected to end next month, after which they can be subject to fines of up to $2,500 for not participating. [WSJ] — Dennis Lynch