Every New York musician and music fan is weeping upon hearing this news, I guarantee. This is where we'd get our last-minute obscure sheet music and/or lyrics before running to a gig, and High School supplies if you're a student at "the Fame school". We can't live without this place--from the extensive sheet music library, vintage records and cool memorabilia to its famous double treble clef doors, Colony is absolutely an essential New York landmark, and will be ever so sorely missed by anyone who felt its value.
From the NYTimes: (...) "Musicians, Broadway actors, reporters and other denizens of Times Square have long frequented the store, which has one of the most extensive collections of sheet music in the country.
(...) "Its current home, the Brill Building, was a longtime home to songwriters, music producers, publishers and radio promoters. In its heyday in the 1950s and ’60s, before Colony Records occupied the ground floor, artists could record their music, find someone to promote it and get it produced for the radio — all under the same roof. After Colony moved to the building in the 1970s from its original location on 52nd Street and Broadway, artists could also go downstairs and buy sheet music to perform or audition with." Read the story: Music Shop Recognizes Somber Tune: Its Final Coda by Aaron Edwards, August 23, 2012 The New York Times
Related link: Colony Music, New York City institution for 64 years, is closing its doors - Famed record shop in Theater District opened in 1948 - By Jim Farber / New York Daily News, August 23, 2012