Gap eyes Toys ‘R’ Us Times Square space

New York -- Gap Inc. is eyeing the 110,000-sq.-ft. Toys “R” Us flagship at 1514 -1530 Broadway, according to The Real Deal.



Sources say the specialty apparel retailer may split the space between Old Navy and Gap stores.



The massive retail space comes with a hefty price tag: the ground floor alone goes for $2,500 per square foot per year in rent, while the top floor is going for $150 per square foot, and the basement for $350 per square foot.



Toys “R” Us announced in March that it would not renew its lease in January 2016 and is expected to leave in February.



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