A Bigger BID?

Soon to occupy the former Forbidden Planet space is Zumiez, a store with all the latest skateboard fashions.

Tomorrow (Tuesday 2/2) a product launch for Beyonce’s new Heat perfume will include an all-red light and fog show in Union Square for six hours starting at 6PM. Interesting.

NYC’s zoning for businesses has recently changed, allowing for a wider range of retail and experiential offerings. In Union Square, this means new opportunities to lease to unique amusement and recreation facilities, live entertainment establishments and clean production and maker spaces. This bolsters the emerging trends in Union Square, where new nightlife hotspots like Midnight Blue and Upright Citizens Bridge have established
roots alongside a cluster of experiential retail arcades like Boba Box, Sweet Cats Cafe, and Partea. And with the much anticipated 2025 opening of the darts-centric bar Flight Club at 31 Union Square West, Union Square is poised to be at the center of this new wave of ground-floor leasing enabled by the modernized zoning code.

Next week (February 6 to February 10), Superstructure work will continue at and 4th and 5th floor levels. The following week (February 13 to February 17), we will continue superstructure concrete and slabs on 4th, 5th and 6th floor levels.

This weekend the site will be open on Saturday, February 4th for superstructure related activities between the work hours of 7AM and 5PM as permitted by the City. To control noise levels within the site, work activities will be limited to the placement of formwork and concrete, plumbing and electrical work, rebar for concrete placement, using the crane and equipment to support all activities. Safety horns are used, and required by law, to coordinate lifting with the crane and to alert the workers of the danger overhead. We have directed the operators to limit the use of horns to one short sounding and to use the crane later in the day so as to avoid any excess noise.

14th Street Con ED vault utility connection street work will continue per DOT Permit granted for weekends only.

From Crain’s New York Business:

The P.C. Richard & Son store near Union Square is going the way of the cathode ray television set and VCRs.

The city’s Economic Development Corp. has announced a request for proposals to redevelop a city-owned site at 124 E. 14th St. that for the past 19 years has been home to a two-level building occupied by the electronics and appliance store.

The EDC is encouraging developers to pitch projects that include new office space for booming industries in the neighborhood, such as technology and creative businesses. According to the city’s guidelines, the development could provide fledgling companies with the space to get started and also a location for young but established firms to transition from incubator and co-working spaces that have sprouted around the city into their own digs.

Proposals may also include residential space, although a spokesman for the city said the EDC’s goal is an office-focused development. Current zoning on the site, however, would seem to encourage a residential component. About 140,000 square feet of housing can be built at the address versus about 93,00 square feet of commercial space. A project could be a blend of the two.

Midtown South has become the city’s hottest office market, with space in the vicinity of Union Square especially popular for its access to transit, shopping, restaurants and tony residential neighborhoods.

“The current site of the PC Richard store will serve as a new tech hub in Union Square, capitalizing on the academic and transit advantages offered by the neighborhood and its proximity to the Flatiron district,” said Maria Torres-Springer, president of the EDC, in a statement. “This is just one example of how we are finding creative uses for the assets we have in a city where space is harder and harder to come by.”

Bids for the property are due by February, the spokesman said, which is the same month that P.C. Richard’s lease is set to expire.

Bernie and Herb’s has opened at 28 East 16th St., the recent site of Flat Fix and the former site of the much missed Coffee Shop VIP Room. In a nostalgic twist, the owners have resurrected the Coffee Sign and will install it soon, so the facade will ultimately look like this: