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White Whale Bookstore is expanding in the Bloomfield building where it has operated for nearly five years. “We had been thinking about expanding for a couple years,” said Jill Yeomans, who owns the bookstore with her husband, Adlai. The expansion will be in a second storefront in its current building on Liberty Avenue. The independent bookstore had previously planned to expand with a second location at The Terminal in the Strip District. But that plan fell apart. The developer gave the space instead to Posman Books, a small chain with locations in New York, Atlanta and Boston. Big news this morning, friends: White Whale is officially expanding! We now also lease the second storefront of our Bloomfield building. We ll be getting the other half spiffed up over the next few months, so subscribe to our newsletter for updates! 1/2https://t.co/oGV0FhGqiZpic.twitter.com/QqrTSpRpIJ ....
The thread goes on to say that, in mid-November 2020, the owners moved quickly to secure our spot at The Terminal, including settling on lease terms and signing a Letter of Intent, all with the confirmation that McCaffery was not negotiating with another bookstore. Then nothing, until the news about Posman Books officially broke. White Whale says that, when they confronted McCaffery about this development, the company said they had actually already brokered a lease with Posman. This led the Yeomans to believe that McCaffery had dangled their agreement in front of Posman as a bargaining tool to get the chain to move in. ....
White Whale said it had settled on lease terms and McCaffery had “explicitly” confirmed it was not negotiating with another store. Then, “radio silence.” White Whale followed up with the developer after a month, and then again three weeks later. Two weeks later, the store learned McCaffery was moving forward with another bookstore. “When we spoke in person McCaffery’s leasing manager told us that, actually, the other store had had a draft of a lease at The Terminal all along. They had just ‘come back to the table’ to finish up in Feb. It certainly appears as if White Whale was merely a bargaining tool,” the thread continues. “It is not our intention to go after another bookstore. Pittsburgh is a great literary city full of prolific and eclectic readers! But McCaffery’s assertion that they are focused on community is purely lip-service.” ....
The Terminal in the Strip District picks up Posman Books as latest tenant bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.