Union Square Is Hot for Retail

According to a report from Crain’s New York:

 

Foot traffic is stepping up in Union Square. The area now sees 11% more visitors on summer Fridays than it did in 2012, according to a recent survey conducted by the Union Square Partnership, the neighborhood’s business improvement district. After counting pedestrians and using data from subway turnstiles, the BID estimates that 383,000 people are in Union Square on a Greenmarket Friday.

“Union Square has it all,” crowed Jennifer Falk, executive director of the BID, in a statement, referring to the park, transit options, shops and the Greenmarket.

In recent months, the neighborhood has also drawn a variety of retailers—from Brooklyn doughnut shop Dough to classic outdoor-clothing brand Eddie Bauer. E-commerce brand Rent the Runway also set up a showroom in the area last fall. According to the BID, Union Square has a ground-floor retail vacancy rate of 2.9%, though several spaces are currently on the market.

Retail rents in the area are pricey and rising. Dylan’s Candy Bar signed a deal for 3,300 square feet at 33 Union Square West, a spot formerly held by Puma, for $545 a square foot in the fall, for example. Such rents have pushed out several longtime retailers, including Union Square Café. The Danny Meyer-owned restaurant announced over the summer it will be vacating its space on East 16th Street after three decades. When Mr. Meyer opened the eatery in 1985, he reportedly paid around $50,000 a year in rent—that price has jumped to $650,000.

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  • Dale Chihuly “Rose Crystal Tower” To Pop Up In Union Square

    DNAinfo Reports:

    A 31-foot-tall sculpture resembling a stick of pink rock candy will rise on the plaza at 14th Street and Union Square East this fall, officials said.

    The installation — dubbed “Rose Crystal Tower” and designed by renowned glassblower Dale Chihuly — will consist of a 22-foot structure made of glass-like resin sitting on top of a nine-foot base, according to Parks Department representatives.

    The department is looking into whether it will be possible to use power sources in the area to light the sculpture from the inside, according to Jennifer Lantzas, deputy director of public art for the agency.

    The tower will consist of numerous layers of pink crystals stacked on top of each other to create a column, according to early renderings.

    The resin which Chihuly is using in place of his usual glass materials will be hard enough to withstand breakage, according to Dale Lanzone of Marlborough Gallery, which is sponsoring the Union Square installation.

    “You could throw a rock at it or really do whatever you wanted to break it and it’s not going to break,” he said at Community Board 5’s Parks and Public Space Committee meeting Monday.

    This will be Chihuly’s second public exhibition in the city, coming on the heels of an installation in the New York Botanical Gardens that will debut in April. It will be displayed from October 2017 until October 2018.

    Chihuly, who sports a distinctive eye patch stemming from a glassblowing accident, is known for his creations that range from flora and fauna to abstract designs that have helped turn glassblowing into an avante-garde artform, Lanzone said.

    “In the world of glass, he really invented the art form,” Lanzone said. “Chihuly is synonymous with glass sculpture.”DN

  • Cereal Killer: Kellogg’s Cafe is Over

    Gothamist reports:

    A cereal saloon? In Union Square?? In this economy??? Not anymore, I’m afraid: The Kellogg’s NYC cafe, a large windowed box where tourists could pay too much to eat cereal suspended in midair, has closed. “Closed abruptly,” according to Eater, its empty husk reimagined as a holiday pop-up slinging fancy donuts.
    The Kellogg’s NYC website confirms the closure: “We are sincerely thankful for the support of all our great guests of this unique cereal experience,” it screams in all caps. “While Kellogg is busy creating the next adventure, the Union Square Space will be open as a White Box space through our partner Co.Create NYC for events.”

    If, in turn, you were wondering what a White Box space is, here’s some start-up word salad for you to digest: “The White Box is where brainstorms become brand activations, product innovations become pop-ups, fever dreams become private parties.” (On which most of Union Square would theoretically be able to spy, considering the whole storefront is glass.)

    In June of 2016, Kellogg’s NYC opened its first cereal cafe in Times Square, offering tourists bowls of refined carbohydrates for the totally-reasonable-what-do-you-mean price of $6 to $8. The menu had been enhanced by Christina Tosi of Momofuku Milk Bar, possibly to justify the price, I guess? Anyway, the venture’s perhaps improbable success prompted a move to a bigger space overlooking Union Square in 2017, a boom year for Instagrammable cereal, for whatever reason. Located at 31 East 17th Street, the new digs were more than five times bigger than the old ones, according to Eater. Kellogg’s dropped prices — $1.50 for your basic bowl of Frosted Flakes (a family-sized box of which currently costs $3.79 at Target) or Special K; $4 for a jazzed-up bowl with toppings — but this more affordable fare does not appear to have done the trick.

    Kellogg’s NYC did not address Gothamist’s questions about the reason for the departure, so we can’t say for sure what prompted the closure. Still, a slew of better-established businesses have vacated the neighborhood in recent months and years, typically citing rents rising at wildly unrealistic rates. Coffee Shop shuttered in October 2018, to be replaced by a Chase Bank and by CHLOE. In January, Blue Water Grill closed its doors, a spokesperson for its owner (an actual billionaire) explaining, “Even though this is one of New York’s most successful restaurants, it can’t be successful with a $2 million plus rent.” In 2017, popular eatery Republic announced its impending relocation, due to the mounting financial burden of a Union Square lease, and in 2015, Danny Meyer explained that he had to move his Union Square Cafe because of “untenable rent escalations.”

    Meanwhile, demand for Kellogg’s product has reportedly been waning across the board. Without knowing exactly how much it costs to rent a centrally located sky lounge, one designated specifically for the consumption of Frosted Mini Wheats and their ilk, it’s hard to guess at the overhead Kellogg’s NYC faced. It seems reasonable to expect, though, that the rent would be high — too high, even, for Big Cereal to justify?!?! What have we come to??

    But take heart, my Froot Loops, because a statement from Kellogg’s suggests the brand isn’t done with you yet:

    We have been lucky to have wonderful support from cereal fans and media alike. We are committed to continuing to bring more unique and engaging experiences to Kellogg’s cereal fans in the future. Kellogg has loyal, passionate fans that constantly seek the chance to interact with our iconic brands. We believe this includes in-person experiences that push the imagination and provide unexpected opportunities to experience cereal, something they’ve been connected to their entire lives, in a completely new way. That was our belief when we opened the first café and fans have responded positively and asked for more ever since. Stay tuned for updates on our next chapter!

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    Next week (April 11 to April 15), Contractors will continue to excavate earth and rock, and load out material. We will continue to underpin both adjacent buildings with DOB approval of our means and methods. Drilling of tie-backs, lagging and sheeting around the perimeter will progress as well. The following week (April 18 to April 23), we will continue rock excavation and loading out, as well as underpinning both adjacent buildings, lagging and sheeting.

  • Chat N Chew Goes Italian

    Comfort food joint Chat ‘n Chew shut its doors this week after 22 years in the neighborhood, but the owner plans to reopen it as an Italian restaurant.

    The diner-style eatery at 10 E. 16th St. near Fifth Avenue will relaunch in two weeks as Little Sal’s, said Ethan Silverman, son of owner Andrew Silverman.

    “[Chat ‘n Chew] lost some of it’s energy, and now we’re getting it back,” Ethan Silverman said. “It’s going to be a Chat ‘n Chew on steroids. It’ll have traditional Italian food like chicken parm, eggplant parm and pastas.”

    Silverman compared the concept of Little Sal’s to New York City restaurants like Sauce and Parm, where it’s “casual and family oriented — selling wine by the glass and not the bottle,” he said.

    Andrew Silverman also co-owns Flatiron’s City Crab and Barbounia restaurants.

    Little Sal’s will open as a pop-up in two weeks for a test run, and may remain open permanently depending on how well it does, Silverman said.

    As for Chat ‘n Chew’s abrupt closure, Silverman said the team had known that they would be closing for a while, but hadn’t made it public.

    “If people took a look at the place recently, they’d see that the staff was slowly kind of diminishing,” Silverman said.

    “We’ve been in Union Square for a while, and we’re going to come back with energy,” he continued. “But [the concept] will be [in] keeping with the people who work and live in the neighborhood.”