London record store Music And Video Exchange reportedly set to be turned into an upmarket hotel.
The Soho shop, which has been located on Berwick Street (the street depicted in Oasis‘ ‘(What’s The Story) Morning Glory’ album artwork) for the past 20 years, closed earlier this month (May). Now, London’s West End Extra reports that the independent retailed will become a “100-bedroom hotel”.
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The renovation of the store, formerly known as the Records and Tapes Exchange, will be helmed by redevelopment company PMB Holdings.
Writing on Facebook previously, the owners wrote, “Due to the imminent construction work on Berwick Street and after 20 years at 95 we have had to shut today for the foreseeable future. We are looking for another shop in the area and hopefully we will be reopening very soon.”
“Until then we would like to thank all our loyal customers and staff for making this such a brilliant shop and we hope to be back very soon!”
The owners also have shops in Notting Hill, Greenwich and Birmingham, which will remain open.
Berwick Street has been a destination for vinyl record collectors since the 1980s when it became known as ‘The Golden Mile of Vinyl’. Despite this closure, the corner of Soho is still home to central London’s largest concentration of independent record shops including Reckless Records and Sister Ray.