Super-Luxe Boutique Hotel Sneaks Into Union Square

Don’t be fooled by its name. The new $850-per-night boutique hotel The Twenty Two is actually located at 16 East 16th St. It will also feature a restaurant and a members-only club. Another upscale addition to the area.

Similar Posts

  • Options for the Virgin Space

    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.

     

  • How Do People FEEL About Union Square?

    The Union Square Partnership has released its latest annual survey of people’s opinions about our neighborhood’s livability in terms of cleanliness, safety, landscaping, lighting, and quality of life. It makes for an interesting read. One highlight:

    “USP is committed to enhancing livability in the Union Square 14th Street district through its Clean + Safe program. According to the 2024 survey results, satisfaction for district conditions improved or remained consistent compared to 2023 results, with satisfaction for public safety increasing by 15%. This notable increase follows USP’s deployment of Public Safety Officers (PSOs) in June 2023, and survey respondents noted that their patrols have had a positive impact in Union Square Park and the playground. Despite this improvement, respondents dissatisfied with the conditions expressed ongoing safety, sanitation, and quality of life concerns around the district, including the lack of City enforcement and City services for those in need. USP is dedicated to continuing investment in the PSO program and increasing coordination with City agencies and law enforcement in response to the community’s quality of life concerns.”