Back in October 2008, Smith and Hanten's real estate office was marketing the commercial space at the corner of Smith and Pacific Street for $12,000 per month. Even for Smith Street, that seemed a bit expensive for the 1,400 sqft (plus basement) storefront.
According to the new sign on the construction fence, Iris Nail will open at that location. One can only hope that they were able to negotiate a better rent.
On the other hand, Iris Nails seems to have a few other locations in Manhattan, two of which are located on Madison Avenue, so they may be used to high rents.
The salon is scheduled to open in February.
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