News Bronx Barnes & Noble isn't closing Barnes & Noble. Photo Credit: Spencer Platt / Getty Images By AMNY.COM October 23, 2014 3:10 PM Print Share Share Tweet Share Email Bronx book lovers, rejoice. The Bay Plaza Barnes & Noble in Co-op City, the Bronx's only major bookstore, has agreed to a two-year lease extension, according to Bronx Borough President Ruben Diaz, Jr. "This is a major victory for The Bronx, and I am grateful that both companies have come to an agreement for the betterment of our borough," Diaz said in a statement on Thursday. The bookstore opened with much fanfare in 1999. After 15 years, it remained popular in the borough -- especially after the last independent bookstore, Books in the Hood, closed in 2011. But the store's 15-year lease was set to expire in January, and the landlord, Prestige Properties, and Barnes & Noble had been at an impasse, unable to come to terms on a new agreement. Diaz says he hopes this new two-year agreement will lead to a "long-agreement." Barnes & Noble Vice President for Development, David Deason, said in a statement Thursday that Barnes & Noble "looks forward to continuing to serve the Bronx community." Diaz said the store's decision to stay will keep 50 jobs in the community. By AMNY.COM Share on Facebook Share on Twitter Comments Comments section is temporarily on hold. Here’s why.