The Neighborhood Commerical Real Estate 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.

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    Simply Grid announced today that it has launched a food cart electrification pilot in New York City’s Union Square. This is the first example of a mobile food vendor on New York City’s public streets using grid electricity rather than a noisy, polluting generator. Citywide, more than 3,000 mobile food carts create the equivalent pollution emissions of approximately 10,000 cars. This pilot, launched in conjunction with the New York City Mayor’s Office of Long-Term Planning and Sustainability, Con Edison, the NYC Department of Transportation, and Closed Loop Advisors, will last for up to a year and abate up to 9 metric tons of CO2.

    Simply Grid’s technology allows lot owners and municipalities to provide grid electricity to mobile food vendors which makes them cleaner, quieter, and more profitable. Electricity is made available to these vendors via outlets in industry standard electricity pedestals which have been customized with proprietary metering controllers. The controllers connect wirelessly to Simply Grid’s cloud-based platform which manages customer accounts, metering, and billing. The system allows vendors to initiate service with their mobile phones and connect to the electric grid with cables they already use with their generators. Grid electricity is a significantly cheaper energy source for food vendors, and it also eliminates the pollution and noise associated with running a generator.

  • Homeless Man Wants $1 Million

    Coon

    A New York panhandler, often seen around Union Square, is on a unique mission, The Local East Village reports today. Chris Coon, 29, who has two kids and is homeless, wants to ask a million people for a dollar. He describes the project on his website, AskAMillion,com (a woman heard about his idea and gave him a laptop), as “A Social Experiment to both Help me to get out of Homelessness, take care of my two daughters and to take care of my daily living.” Coon has asked 3,462 people for a handout since the beginning of May and at this rate, City Room calculates he will reach his goal in about February 2054. When approaching people, clipboard in hand, Coon describes the concept behind his experiment, asks for some money and then records their gender and ethnicity.