Japonica Will Move One Block

This rather fascinating report on pedestrian foot traffic in the area reveals that sidewalk crowds are up 53% in the past five years. If you’ve ever walked past Whole Foods at 6 PM, this will come as no surprise. In fact, Whole Foods is probably mainly responsible for the surge.

The New School, has picked up 34-42 West 14th St, a five-story, 180,000 square foot building, for $153 million.

The seller was Samson Associates and the sale closed on Jan. 10, according to the Commercial Observer. Samson had owned the property since 1985. The building’s tenants will remain and pay rent to the school until their leases expire but those leases won’t be renewed. The school will take over space over time and convert it to academic uses. The building has about 25k SF of ground-floor retail space and comes with additional air rights.

Note that price: $153 million.

According to transit data from MTA and Citi Bike, Union Square continues to be one of the City’s top destinations for employees, residents and visitors alike. While subway ridership remains low across the system, currently 20% of normal use, turnstile activity at the Union Square-14th Street station has tripled since April.

Similarly, bus ridership on the M14A/D busway is gaining momentum as average daily bus ridership has tripled since its low point in late March, reaching nearly 60% of pre-COVID daily ridership levels. For those visiting the district by Citi Bike, Broadway and 17th Street remains one of the City’s top 10 destination stations and ridership is up 45% since April. Another popular end station, Broadway and East 14th Street has experienced a 57% increase in use since April.

Other indicators are up too. Union Square’s public Wi-Fi use is up to 42% from 15% at the start of the pandemic, signaling an uptick in outdoor activity. The district’s active public realm can be attributed to the draw of the Greenmarket, the expansion of outdoor dining activating sidewalks and roadways, and the reopening of local business that attracts steady foot traffic across the district.

Union Square’s zip codes (10003, 10010 and 10011) make up 16% of Open Restaurants applications in Manhattan with the City’s highest number of applications located in 10003! Within Union Square-14th Street, nearly two thirds of businesses are conducting storefront activity and this number continues to grow as additional businesses and cultural institutions are making exciting plans to open their doors with events and programming as soon as it is safe to do so.

A court has blocked–for now–the use of the Union Square Park pavilion as a privately run restaurant. “Opponents object to what they see as the privatization of park space and insist the city needs approval from the state legislature before moving forward. The new ruling lets the city renovate the Pavilion and rehabilitate the bathrooms, but halts plans to lease it out for a restaurant.”

Gothamist has links to all the latest news.

The latest from the New School:

Next week (January 17-21), Urban Foundations will continue to drill solder piles on 14th Street. The pile driving rig is scheduled to arrive on site, and will begin driving piles on 5th Ave, moving South. Loading out of debris and earth from the site will continue. Hand chopping of the existing foundation wall in the South East corner of 65 Fifth will also be taking place. Installation of the fence along the USC Courtyards will take place, followed by the removal of the existing protection.

The following week (January 23 – 28), Urban is anticipated to continue driving piles along 5th Avenue, then continuing to 13th Street moving East. Excavation of earth and installation of timber lagging between piles on 14th street is planned to begin. Loading out of debris and earth from the site will continue. Demolition of existing foundation wall in SE corner of 65 Fifth by hand chopping will continue.

The annual shareholder’s meeting will take place on Wednesday June 30th at 7PM at the Seafarers’ and Interational House at 123 East 15th St, second floor.

At the meeting, the Board of Directors will be seeking at least one new member. If you wish to become a candidate for the Board and have your name placed on the ballot, please feel free to provide a short biography of yourself via fax (212) 986-0002 or e-mail to ymartinez@akam.com. The Board will also welcome nominations at the meeting itself.