New School Construction Update

The Union Square Partnership Business and Broker Report for the 1st quarter updates us on what’s new and pulsating in the neighborhood.

Union Square has started the year off on a high note with 10 new business openings and foot traffic recovering to 99% of 2019 levels, a 4% increase from the last quarter. Newcomers include a range of quick service eateries and high-profile sit down establishments, such as the new Coastal Indian
restaurant Kanyakumari from well-regarded Fungi Hospitality. Popular mattress retailer Saatva joined the established home goods corridor on Broadway, and Sweet Cats Cafe brings more family-friendly entertainment to the neighborhood.

7:00 AM Morning Running Club with Paragon Sports (Fitness)
7:00 AM Boot Camp with Circuit of Change (Fitness)
8:00 AM Yoga with Jivamukti (Fitness)
9:00 AM CrossFit with Paragon Sports (Fitness)
10:00 AM Yoga StoryTime with Karma Kids (Kids)
11:00 AM Rolie Polie Guacamole (Kids)
12:00 PM New School Jazz (Music)
6:00 PM Salsa with Baila Society (Dance)

The Feil Organization announced Maison Kayser will bring its artisanal breads and baked goods to Union Square, signing a 15-year lease at the historic 841 Broadway for its eighth location in Manhattan.

The bakery will occupy 3,000 sq. ft. on the ground and mezzanine floors of the 108,000 sq. ft., eight-level Romanesque building, where COSI used to be.

“The activity in and around Union Square is buzzing, and the demand for this location was extraordinary, allowing us to maximize the income,” states Nicolas Forelli, director of leasing for The Feil Organization.  “While we were marketing this location, we had an overwhelming response from every food concept you can imagine. With its reputation for quality and unique product for this market, Maison Kayser was the best fit for the building and neighborhood.”

Built in 1894, the Romanesque building is located at the intersection of 13th Street just one block from Union Square Park. In the past year, Feil completely renovated the building, restoring the terracotta façade, creating a brass-accented lobby, and installing new elevators and windows.

The annual report of the Union Square Partnership is available here.

Did you catch the NY Times raving about Union Square? Good for real estate values.

Next week, 03/11/2013 – 03/15/2013 Material and equipment deliveries and installation work will continue on all floors inside the building. Roof work, work on the new sidewalks around the building, dismantling of the exterior construction hoist and related exterior building work will also continue.

The following week, 03/18/2013 – 03/22/2013 Material and equipment deliveries and installation work will continue on all floors and roofs. Sidewalk work and dismantling of the exterior construction hoist and related exterior work will also continue.

We anticipate the take down of the 14th Street sidewalk shed to begin within the next 2 weeks.