The Trials and Tribulations of 61 5th Avenue

Thanks to Charles Stimson we are gifted with six more images of yesteryear. This one shows the east side of Fifth Ave. at 13th St. See Schrafft’s on the corner, which is now the burned out deli? Remember that you can double click on all these images to get a much closer look at some of the detail. The views of 14th St. are especially interesting. The trucks, the signs, the decorative cornices, including the one on our building . Enjoy.

Soon to arrive in the former location of Xu’s Public House in the lavish condo at 15 Union Square West will be Le Basque, a kosher and vegan take on northeastern Spanish cuisine. Interesting.

The insanely expensive upcoming condo at 12 East 13th St. has revealed some details about its robotic parking. In other news, the triplex up top is now listed at $30 million.

Beacon’s Closet has a competitor. 2nd St., a Japanese company, is now selling high-end vintage clothing at 110 University Place.

What might be next in the Virgin Megastore space? The New York Post has these rumors:

RELATED Cos. is negotiating with several tenants at One Union Square South for the Virgin Megastore space, sources said. The chain, which was purchased by Related and Vornado Realty Trust in 2007, is closing the store in late May or early June. All US-based Virgin Megastores are due to shut down by the summer.

Related controls the Union Square outlet, while Vornado handles the one in Times Square, which is closing in April to make way for Forever 21, the retailer that signed a megadeal for 100,000 square feet. The two real-estate giants licensed the then 11-unit Virgin chain precisely so they’d be able to control the retail in their buildings.

Sources said the asking rent in Union Square has recently dropped to $15 million per year from $25 million. According to its CoStar Group flyers, Winick Realty is seeking $700 a foot for the 26,000-foot ground floor and $150 a foot for the 31,035-foot lower level. One Union Square South, at 52 E. 14th St., includes the hulking Metronome artwork on the lower north side of the luxury apartment tower that rises from the retail base. Some of the prospective tenants include CVS and Best Buy, which has its eye on the Circuit City space now being controlled by the bankruptcy court.

Last fall, Related signed a letter of intent with Nordstrom Rack for about 40,000 feet. But Nordstrom in the end was reportedly loath to bring its off-price success story into the Big Apple before it snagged an A-plus site for the upscale department store flagship and nixed the Union Square opening. A Nordstrom spokeswoman said, “We will keep looking for a great spot to serve our customers.”

There is also talk that Forever 21 might jump from Vornado’s Whole Foods building at 40-48 E. 14th St., which also hosts Filene’s Basement, and expand into 19,200 feet at One Union Square. The Forever 21 store, which opened right after 9/11, has seven years left on its deal. But a buyout doesn’t make sense in the current economic climate.

There has been some grumbling over the fact that the city may give the pavilion at the north end of Union Square Park over to a private entity to run a restaurant in and around it. We’ll see how that turns out, but in the meantime, some renderings have been revealed.