NY Times Analyzes Union Sq. Real Estate

Go here to read today’s New York Times Real Estate section analysis of what’s going on in Union Square. Some interesting facts and figures, including the detail that One Union Square South is only 30 percent sold and that the white-brick Victoria (across 14th St.) recenty added “Union Square” to its name.  

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  • Will Artists Be Pushed Out of the Park?

    How do you feel about all those artists who take up quite a bit of space selling their art at the southwest corner of Union Square Park. Here’s an article that says they may soon be squeezed into a smaller area:

    The Parks Department has proposed new regulations that would drastically limit the number of artists allowed to sell their work in Union Square and other Manhattan parks.

    The Parks Department claims the rules will decrease congestion, but critics accuse the city of pushing out independent street artists in order to replace them with more lucrative vendors.

    The Parks Department declined to answer questions submitted by the NY Destinations Examiner .

    A Parks Department spokesperson provided an email statement, much of which was excerpted from the Parks Department’s March 24 notice in The City Record .

    ” The dramatic increase in the number of expressive matter vendors on parkland has prompted the Parks Department to develop these rules in an effort to strike a balance between these vendors and other park users, and address other concerns related to maintaining and operating open space in an urban environment, ” reads the statement.

  • It’s Official: Virgin Store to Close

    From the NY Times:

    The latest record store to close in New York is a big one: the Virgin Megastore in Union Square. Following its announcement last month that the Times Square Megastore would close down in April, Virgin Entertainment Group North America will shut down the Union Square shop in late May or early June, a spokeswoman said, confirming a report in Billboard. Virgin will also close its Market Street store in San Francisco in April. The New York closures will leave Manhattan without a large-scale record store. Thousands of music retailers have shut down in recent years as CD sales have plunged, and Virgin has been closing most of its locations around the country since it was bought by the real estate companies Vornado and Related in 2007, but its high-traffic New York stores were said to be profitable.