Boom, located at 152 Spring Street, is going out of business. And with it will be a little piece of Soho history. Unfortunately, Boom isn’t alone in the Sandy aftermath that has left us all reeling with water, debt and debris; but they have certainly been one of the hardest hit in the area.
Boom had a flooded basement kitchen as a result of Hurricane Sandy, and over $100,000 worth of damage. They are closing for other, perhaps more disturbing, reasons which include their inability to keep up with the $150,000 a month rent. Certainly, Boom symbolized the changes in Soho when it started twenty years ago, moving from an industrial district to a hype place to eat, enjoy and be seen.
As former Boom partner Rocco Ancarola told the Post, “The rents are just ridiculous. It has become really hard for smaller restaurants and shops to survive when big luxury brands want flagships in Soho, the Chanels and Louis Vuittons of the world, even though there are never people in those stores. It’s just too costly to fix things up from the hurricane and fight the high rents.”
Goodbye Boom. We certainly hope it’s not goodbye to the boom in economy we’ve seen in the Soho area as well.