Independent Literati Bookstore signs lease in downtown Ann Arbor
Melanie Maxwell | AnnArbor.com
Co-owners Hilary Lowe and Michael Gustafson signed a lease Tuesday for Gov. Rick Snyder’s former Ann Arbor campaign office in the ground floor corner property at the intersection of Fourth Avenue and Washington Street. Lowe said the agreement was reached with landlord Faramarz Farahanchi without using a broker.
A picture on the store’s blog shows Lowe signing the lease while an oversized stuffed “Bob Marley banana” looks on smiling.
The approximately 2,600-square-foot space will get a minor makeover including a new floor in the basement and a fresh coat of paint before Lowe and Gustafson start moving in shelving.
The pair announced in an earlier blog post that they will be using shelves from the old Borders flagship store in downtown Ann Arbor to hold their collection. They also plan to paint over the shelves with chalkboard paint that will allow customers to take and share notes.
Lowe said she and Gustofson were not ready to set a date yet for the opening of the store but they hope to be in business before the end of spring.
“We’re moving forward as quickly as we can,” she said. “We’re extremely happy to have the location and we can’t wait to open.”
Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Reach out to Ben at 734-623-2528 or email him at firstname.lastname@example.org. Follow him on twitter @BFreedinA2