Restaurant Devastation Continues

Our students have moved into the dormitory which is on the top eight floors with its own entrance. The first day of classes was August 26th and a new semester is now underway. It is anticipated that the academic portion of the building (first eight floors) will be completed in time for this year’s second semester. We will keep you posted. Some of you can see our green roof which is also an exciting addition.

Next week (September 9 to September 13), material and equipment deliveries and installation work will continue on the academic floors inside the building.

The following week (September 16 to September 20), material and equipment deliveries and installation work will continue on academic floors.

Torch & Crown Beer Garden is back for its third season in the Union Square Park Pavilion, serving up locally brewed beers and fan favorites like the Lou Burger, pizza, and pretzels.

From now through early November, enjoy:

• Jazz with Geoff Burke on Sundays, 3 p.m. to 6 p.m.
• Trivia nights with NYC Trivia League on Mondays at 6:30 p.m.
• Live music Fridays with Shawn Parsons and Matthew Lee & The Standbys, 6 p.m. to 9 p.m.

The 4th Quarter Union Square Partnership Business Report, available here, has some interesting updates:

Union Square finished the year strong, with storefront occupancy in the BID1 reaching 91% in Q4 2025 (compared to 85% in Q4 2024). This growth reflects continued   confidence in the district and demand from both national operators and emerging local players. Around Union Square Park, five long-vacant corner storefronts are slated to welcome new business openings in 2026, including global apparel anchor UNIQLO as well as Flight Club and Voodoo Doughnut, both new to NYC.

60 businesses opened in Union Square in 2025 (11 more than in 2024). Q4’s 16 openings ranged from top retailers like Pacsun, Ulta Beauty, and Aritzia (which expanded into a new space three times its previous size), to more intimate establishments like Maison Welles and Stars. Nespresso debuted its 13,000+ SF flagship that merges traditional retail with multi-sensory coffee tastings, interactive masterclasses, and a speakeasy. While Nespresso leads in scale, smaller coffee-forward openings include unique experiences this quarter, including Ioannis Coffee Chef’s “farm-to-cup” workshops and luckin coffee’s tech-driven model. With rising occupancy and a robust tenant pipeline, Union Square enters 2026 primed for an exciting year.

In case you missed it on Friday, protesters invaded and occupied the New School buidling on our block for about 6 hours on Friday morning. Unlike the previous demonstration in December, this one was summarily shut down by a powerful NYPD push at the request of the university, and around 20 occupiers, some of whom appear to have been troublemakers as opposed to students, were arrested. The real losers in all this were the businesses on our block, who were prevented from opening until Friday afternoon.

The long-troubled TGI Fridays in Union Square is finally set to close, as the building goes on the market. “Union Square is so hot down there these days with real quality restaurants it just doesn’t compete well,” explains operator Dennis Riese.