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FAO Schwarz's toy soldiers are no match for Manhattan's sky-high rents

FAO Schwarz's toy soldiers are no match for Manhattan's sky-high rents

Talk about rubbing salt into a wound. A month after toy lovers got word that FAO Schwarz would be closing its famous toy store here — yes, the same store where actors Tom Hanks and Robert Loggia played "Chopsticks" on the giant floor piano in the movie "Big" — came word that Apple would move into the vacated palace of childhood dreams. ------------ FOR THE RECORD: FAO Schwarz: A July 5 article in Section A on the pending closure of the Manhattan FAO Schwarz toy store said the rent on ground-floor units in New York's upper Fifth Avenue area averages $3,683 per square foot a month. That is the average rent per square foot a year. — ------------ ...

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