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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. The Apple move will be temporary while its own lavish store next door on Fifth Avenue undergoes renovation, a spokeswoman said last month. The FAO Schwarz closure, though, is permanent, illustrating how New York City real estate prices bend for no one, not even the country's oldest and most beloved toy store. With...

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