On April 9, 2014, J&R closed its Park Row store, with a redevelopment plan to be announced. Remaining merchandise were liquidated through a two-day auction in the middle of May 2014. On April 25, 2014, J&R's web site stated that the owners planned to "rebuild this location into what we hope will be an unprecedented retailing concept and social mecca", also stating that they "look forward to sharing more details of these changes in the coming months." The page included an artist's conception of what the location would look like.