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Read the press release here.

Three Lives & Company in Danger of Closing, Owner Fears

By Danielle Tcholakian | June 15, 2016 4:03pm | Updated on June 15, 2016 4:09pm
 Three Lives & Company is hoping the building's new owner will let the store stay at 154 West 10th St.
Three Lives & Company is hoping the building's new owner will let the store stay at 154 West 10th St.
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DNAinfo/Danielle Tcholakian

WEST VILLAGE — After 33 years in the West Village, Three Lives & Company's days at 154 West 10th St. may be numbered.

In an email to customers, store owner Toby Cox explained that their building has been put up for sale, and the owners opted not to renew the bookstore's lease, allowing them to stay on a month-to-month basis.

"As you are certainly aware, the white-hot real estate market in New York City means this could present some challenges for the bookshop," Cox wrote in the email.

Cox wrote that he hopes to work with a new owner, when one is found, to keep the shop in its home of more than three decades — or if they have to find a new home, to stay in the West Village.

"The shop has moved once since it originally opened on the corner of West Tenth and Seventh Avenue, and there’s always the possibility for a third life for Three Lives," he wrote. "It is our desire to stay in our neighborhood, the West Village, but we will need to find the right space at the right price, not an easy task considering the current commercial rental conditions in the area."

Cox was not immediately reachable by phone to discuss the email. The rest of the email, in which he thanks his landlords and notes that their business is thriving, follows.

It is important to note that this is not about a small, independent bookshop being battered by chain retailers, or online retail conglomerates, or new electronic devices on which to read a book.  Three Lives & Company is a thriving enterprise.  We have had record years the last three years as the independent bookstore market in general has found its footing despite many challenges.   A bookshop with an interesting selection of books and staffed by passionate, professional booksellers has a place in the book world.
 
This letter also allows us to recognize and thank the extended Levine family, owners of the building at 154 West Tenth, for the opportunity they gave Three Lives & Company when we moved into their building in 1983, their cooperation to ensure our long-term success, and their understanding of the importance of locally owned businesses to enrich a neighborhood.
 
Our dear customers, we want you to know we will do all we can to ensure a long and vibrant future for Three Lives & Company.  We know how important this bookshop is to many of you, the history you share with Three Lives.  It is your passion and support that keeps us going, that makes every day a joy.  We all remark that it is still a thrill to slip the key into the lock every morning and open the door to Three Lives.  We want to keep that experience going and we want you to be able to stop by, find some interesting books, chat about a recent favorite read, or to simply share the news of the day.  Whether we continue to welcome you to our corner spot on West Tenth and Waverly or from a new location, we look forward to being your bookseller in the years ahead.
 
For now, it’s business as usual at Three Lives & Company.  Books are arriving every day, special orders are still an important part of our business, we’re reviewing and ordering Fall ’16 titles (it’s going to be a good one, new books from Zadie Smith, Jonathan Safran Foer, Michael Chabon, Ann Patchett, Michael Lewis, Colson Whitehead, Anne Carson, Jay McInerney, George Saunders, and all those books we don’t even know about yet!). And, we’re reading and recommending some great new books for the summer.
 
On behalf of the staff, I would like to express our great appreciation for your patronage and our gratitude to have you as our customers.  We will keep you updated with any news.
 
In the meantime, come on by and let’s talk books.
 
Sincerely,
 
Toby Cox