Real Estate October 5, 2012 12:01 AM

Old Editions Owner Seeking New Chapter

Old Editions Owner Seeking New Chapter

Over the past decade, Ron Cozzi has seen plenty of change in his neighborhood.  Cozzi's Old Edition Book Shop at 74 E. Huron Street opened in 2003 and since then the blocks surrounding the store have gone from forlorn to spiffed up.  Former County Executive Dennis Gorski's dreams for a new convention center that would have straddled Ellicott Street and removed two or more blocks of buildings were torpedoed by newly-elected County Executive Joel Giambra in 2000.  In ensuing years, buildings on Huron, Broadway, Washington, Genesee, Ellicott and Oak have been picked up by developers and renovated into offices, retail space and hundreds of loft apartments. 

While the neighborhood changed for the better, the book selling business has changed for the worse.  Cozzi, who has been selling used and rare books, artwork, magazines, postcards and other memorabilia for four decades, is now looking for a change as well.

"It's sad, people are getting away from books," says Cozzi.  "Today, everyone is on Kindle.  Independent booksellers have been crushed by the big box national chains.  There are not enough people coming into the store to warrant a big retail space anymore." 

In response, Cozzi is looking to consolidate the bookstore space in the building and take advantage of the improved neighborhood around him.  To begin with, Cozzi is seeking a tenant to lease the 2,800 sq.ft. of space where the café is now located.  He has retained Joseph Farrauto of Hunt Commercial Real Estate to help find a tenant.

Cozzi is also open to leasing out additional portions of the building if tenants can be found.  He sells online and at regional and national trade shows, something he says he will continue doing. He currently has "hundreds of thousands of books."

"I need an exit strategy," says Cozzi.  "My wife is pressuring me to plan for retirement and I'm planning for semi-retirement.  I plan on staying in the book selling business but without an open shop." 

"I can consolidate my books into the upper floors and stay open by appointment," he says.  "My plans are fairly flexible.  If someone wants 2,800, 5,000 or 10,000 sq.ft. of retail or office space, I can accommodate them."

Cozzi is also open to selling the building if the right offer came along. 

"Everything is on the table.  The building could work for a lot of things," he says.  "A few years ago a developer prepared plans for 26 residential units in the building but didn't pursue it." 

DSC_0584.JPGThe four-story building has four, 5,000 sq.ft. floors plus a basement.  It was built in 1897 and originally contained a police station on the ground floor and a rooming house on the upper levels.  In 1913 it was purchased and occupied by a carpet retailer and in the 1920s and early-30s was occupied by an electronics company. 

The building was purchased in 1933 by the St. Vincent de Paul Society.  Cozzi purchased it and an adjacent two-story building in 1995.  The two-story building has loading docks and parking on the ground floor and 6,000 sq.ft. of offices on the second level.

Cozzi spent $600,000 to purchase and remodel the buildings to warehouse his book collection.  In 2003, he moved Old Editions from University Heights to the four-story building that fronts both E. Huron and Oak streets.

"I love the buildings," he says.  "After all the good St. Vincent de Paul did here, they have good vibes.  It's been a long, wonderful run, but it's time to downsize."

Get Connected:  Old Editions, 716.842.1734
Joseph Farrauto, Hunt Commercial, 716.880.1904

View image

Comments

Leave a comment

It's too bad that this bookstore is closing. I purchased a hard-to-find item from here a few months ago. I'm one of the folks, though, that are probably contributing to the downfall of bookstores: I have a kindle and I love it.

Score: 4 ( 6 votes ) Vote up Vote down Report this comment

A shame! Personally I use an e-reader often to read books, but there is nothing like a paper copy of a book when you have something that is a "classic." To me the decline of paper books is comparable to the decline of "letter writng" and the advent of e-mail. People used to save letters that had sentimental value. Have you ever heard of any one saving e-mails? I haven't. I hope some one can step in and keep the store open in some fashion. Also, his store is very well organized and a pleasure to be in.

Score: 2 ( 2 votes ) Vote up Vote down Report this comment

if the cafe was itself a destination (think coffee house with outstanding food, wifi, and events such as book club meetings, poetry slams, local history talks, etc.), it would better support the bookstore operation. the few times i ate there, the food was barely a cut above bus station cafeteria.

fables cafe in the downtown library shows what a good restauranteur can do in a similar setting. people line up for lunch there.

old editions is a real asset for downtown. i hate the thought of losing it. here's hoping that ron comes up with a good succession plan and that an energetic entrepreneur can build on ron's achievements.

Score: 9 ( 9 votes ) Vote up Vote down Report this comment

I agree. The cafe was mediocre at best, but could be a draw in itself and help support the bookstore. Since they have rare and hard to find books, did they ever collaborate with the public library and the Historical Society? Seems like there could be a lot of public-private partering to promote books, history and so on.

Would it have been to hard to have organize lectures and discussion groups in house? That would bring in people who would at least order a cup of coffee and a danish, brings in new people, provides publicity and so on. If Kindles are a competition, then find a way to fold kindles into your business. People still need to find out what books to buy online, and Cozzi can provide services like that. If you can't fight competition, then find a way to embrace it.

You can't survive on just selling books, and there is hardly a bookstore in the US left that does just that. They have a a great location and lots of assets that other places don't have, but you have to be creative in promotion.

replied to grad94
Score: 2 ( 2 votes ) Vote up Vote down Report this comment

People still need to sense community, particularly in a (heretofore shrinking) city like Buffalo (I think that has been stabilized, personally).

A kick-ass, community-focused bookstore with an equally kick-ass coffee shop (an actual Stumptown in Buffalo?) would be killer. Draw from the increasing presence of UB, etc. downtown, target the increasing amount of residents. Tie in with CanalSide series....

I honestly think event planners, interior designers, and marketers are becoming the three most important professions in Buffalo. WE NEED TO LEARN HOW TO BREATHE LIFE INTO THESE GORGEOUS OLD BUILDINGS.

replied to Rand503
Score: 3 ( 3 votes ) Vote up Vote down Report this comment

Since they have rare and hard to find books, did they ever collaborate with the public library and the Historical Society?

it is probably pretty dicey for government agencies (the library) or nonprofit organizations (the historical society) to help prop up private ventures, not matter how worthy. i think the historical society has its own bookstore, so it'd be a conflict of interest.

plus, anyone who works in a nonprofit has learned to be wary of proposed "collaborations." the word sounds all noble, warm, and fuzzy to the average citizen but within these organizations, it is often code for 'gimme.' i bet the albright gets lots of "collaboration" proposals that consist of little more than "please send over some paintings for our lobby and we'll agree to put your name up."

replied to Rand503
Score: 2 ( 2 votes ) Vote up Vote down Report this comment

I'm surprised it lasted this long. It seems like this is a business that is better suited to grow online. Like a lot of Buffalo businesses Old Editions really needs a better, more professional website and a marketing strategy that reaches more customers from around the world.

Score: 0 ( 4 votes ) Vote up Vote down Report this comment

Beautiful building. It would be a shame to lose this operation. I hope a mixed use can be found--I like Grad's idea a lot, actually.

I think we (as a community) also need to think about non-residential uses for DT buildings--there needs to be more diversity and a city cannot be comprised of only business and residential; thriving cities offer places in which people can congregate, socialize, revolutionize, etc.

Score: 3 ( 5 votes ) Vote up Vote down Report this comment

Shame, as I love used book stores but this is an ideal location for further expansion of the medical corridor.

For those of us who need their used book fix, don’t forget Rust Belt Books on Allen or, if you need an adventure into urban decay,the Book Corner on Main Street in Niagara Falls is my personal first choice.

Score: 1 ( 1 votes ) Vote up Vote down Report this comment

West Side Stories on Grant Street is another great used book store. Used book stores are my absolute favorite (soon I'll have enough books to have my own store! I think I have a problem ....). I'm very sad to see this store close, they had an excellent selection and great customer service.

Score: 4 ( 4 votes ) Vote up Vote down Report this comment

This is a shame. I absolutely love this book store and what it gave the Downtown Buffalo community. It will be a sad day when the doors close, will be sure to get in there make a few more purchases before that happens.

Score: 1 ( 1 votes ) Vote up Vote down Report this comment

This is terrible news. Ron Cozzi should be lauded for his temple of calm and reflection in the city. His loyalty to the book, and especially to beautiful and rare books, is heroic. He is also a gentleman with an easy wit and the kindest manners. We could really show our thanks by going to Old Editions and buying books, prints, and maps, over the next few weeks. The book is one of the greatest inventions in history, and Ron Cozzi s one of its high priests.

Score: 4 ( 4 votes ) Vote up Vote down Report this comment

The bookstore will not permanently close. Should the space be leased out to another tenant then the store will operate by appointment only. We are also looking for a tenant to operate the "cafe coffee shop" which in-turn will keep the retail bookstore open. I agree Ron Cozzi is the expert in the field not only in WNY but internationally.
Joseph Farrauto
Hunt Commercial

Score: 4 ( 4 votes ) Vote up Vote down Report this comment

UB's management school supposedly has an entrepreneurship program. Here's an idea:

WE have a vital member of the community who is facing a hard time making money. UB's school should come in and provide a full=scale analysis of what Cozzi can do to stay in business. It's a great exercise for the students to think outside the box, lots of ideas will come out, and it everyone benefits.

I can't understand why there isn't an outreach program from UB to find at risk businesses and offer them free advice from a whole team of people who can give fresh persepctives.

Score: 1 ( 5 votes ) Vote up Vote down Report this comment

Come on Rand? And move from Ivory tower/theoretical to pragmatic/real world/startup culture? This is too sound.

replied to Rand503
Score: 4 ( 4 votes ) Vote up Vote down Report this comment

This will be a huge loss for Buffalo. Book stores are way to few and far between in Buffalo. A big used book store like this is rare anyplace you go. Huge loss.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Great used bookstores become major destinations. The Tattered Cover in Denver has fans that fly in from all over the country to shop. It can work. But you need someone with tons of energy and drive, and most importantly, who OWNS their building to make a go at it. Maybe the books can be sold to someone like that who can leverage Buffalo's affordable real estate into a bookselling empire. Major kudos to Cozzi, all the same.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

The store in some ways, is too nice. He knows his product, and the prices reflect it. It doesn't have the old bookstore 'you-may-find-a-bargain' here.

I buy thousands of books per year at estate sales/auctions. Book buyers in WNY can get outrageous deals (if you know what you're doing) as the population ages/moves south and contents of homes are sold at distressed prices.

If the same business, with attached coffee shop were on Hertel or Elmwood, I do think it would do better. I was in Belfast, Maine a few months ago for a book show, and the small town supported four book stores.

Score: 1 ( 1 votes ) Vote up Vote down Report this comment

Sad to see you go. I have enjoyed spending time there.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I urge Mr Cozzi to look at Housing Works Bookstore Cafe in New York as a model. It's a used bookstore, cafe, and entertainment space all rolled into one. The food is excellent there (even though there are no meat options), and that paired with a calm quiet atmosphere draws a lot of people who work from home to come and get things done. It also helps that Housing Works is a non-profit, which helps create a sort of quasi sense of community New York lacks. Personally I think Mr Cozzi would benefit just by adding better quality food, and creating a space that people can use day and night , people in WNY love supporting local business and it would be such a shame to see this place go.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Leave a comment