W Train to Return to Union Square

It’s coming this fall, as part of a revamp once the Q train is redirected onto the new 2nd Ave. line.

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  • 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.

  • 5 Napkins Team Will Run Union Sq. Pavillion Restaurant

    Today Goathamist reports that the city has picked Simon Oren’s Chef Driven Market, LLC to run the restaurant in the pavilion in the northern tip of Union Square. The company currently runs the 5 Napkin Burger chain, as well as a string of other restaurants throughout the city.

    The current plan is to run an all-day seasonal American restaurant that will utilize produce from the Union Square Greenmarket, from April through October. The operators also want to annex part of the space just north of the pavilion for outdoor seating and a bar area. The city has reportedly agreed to a 15 year deal with the company. This comes a few months after news broke that OV-Hospitality’s plans for a restaurant in the space called City Farm Cafe fell through.