Google Drops Plan to Open Store in New York City

Crain’s New York Business: Google has abandoned plans to open its first-ever retail store in New York City. The company is trying to sublease a 5,442-square-foot SoHo space it leased last year, and wants $2.25 million annually in rent for it. The decision to abandon its retail store came after the Internet giant spent $6 million renovating the 131 Greene Street location. The outpost was supposed to be one of Google’s first stand-alone stores in the U.S.