Did You Know Union Square Is Farther West Than Port Authority?

Thanks to Chris Heald for digging up two more photos of the “good old days,” when 14th St. was quite rough around the edges.

Union Square’s Competitive Edge

Exemplifying a “15-minute neighborhood,” Union Square offers a wealth of local amenities including dining, shopping, culture, entertainment, and healthcare, all within walking distance or a short bike-ride. A true mixed-use neighborhood, Union Square’s residents, offices, retail, and institutions help sustain a vibrant public realm, with recent visitor traffic reaching 98% of 2019 levels. Office leasing remains active, with over 450K sf of office space leased since January 2022 across tech, finance, publishing, and other sectors.

Union Square’s 126 new businesses are comprised of 54% eateries, 28% retail, and 18% neighborhood services such as health and wellness. USP and creative partners work year-round to bring unique cultural, food, and art experiences to the square. Events like the eight-week Summer in the Square series, Urbanspace’s Holiday Market, and seasonal pop-ups draw foot traffic and support local business and arts communities.

Union Square’s Rich Mix of Commercial Businesses

Union Square-14th Street is home to high-profile institutions and headquarters across a range of sectors including technology, media, finance, and design. This rich mix of commercial tenants continues to be a major draw. Additionally, Union Square is center of gravity for live entertainment, arts, and culture. According to the data platform Replica, spending on entertainment doubled between 2019 and 2023 and visits in the district rose by 10% between 2022 and 2023, reaching a high of 98% compared to August 2019, a 10% higher average than Midtown Manhattan.

“Industry leaders like Microsoft, Sequoia Capital, and Wellington Management are choosing Union Square for their newest offices. Coupled with strong leasing activity at the ground floor, these new tenancies demonstrate the area’s appeal across sectors,” says Julie Stein, Executive Director, Union Square Partnership. “National retailers including Parachute, Crate & Barrel and Target are joining local favorites ABC Carpet, Fishs Eddy and Design Within Reach to solidify Union Square as a retail destination for interior design and home essentials.”

USQ Thrives as a Job Center

Union Square is a job center with 144K+ workers across sectors. Top employers include Con Edison, Mount Sinai Downtown, New York University, and The New School. In the coming year, the addition of national brands, and new and renovated hotels in the area will bring additional retail and hospitality job opportunities. This summer, Microsoft moved into its new 150K sf office space at 122 Fifth Avenue. The building’s ground floor is nearly fully leased with prominent brands Allbirds, Parachute, and Pandora, and Levain Bakery planning to open in early 2024.

Zero Irving (124 East 14th Street) has made headlines for leasing nearly 100% of its office space to major tech and finance firms including GameChanger (25K sf) and Sequoia Capital (13K sf). Additionally, the 10K sf Urbanspace food hall introduced 13 vendors to the 14th Street food scene. Over 65K sf of retail space has been leased since January 2022 to national brands, such as Petco’s 30k sf flagship location on Union Square East, and NYC favorites such as Hex & Co board game café, Sweet Chick, and Kazunori.

“Because we’re located in the heart of the NYC tech community, Civic Hall @ Union Square’s six floors of state-of-the-art training and conference center space at the new Zero Irving building will drive sustainable pathways to high-tech jobs. Civic Hall will help supply the tech workforce and spur innovation for industry leaders, the community, the City of New York, and beyond.” Seema Shah, Executive Director, Civic Hall

New and Coming Soon’

Looking ahead into the Fall, we are excited to welcome Upright Citizens Brigade, Crate & Barrel, Saatva, Mission Ceviche, and many more businesses to the neighborhood.

• FÖRENA, a 50-unit luxury condominium development at 540 Sixth Avenue featuring 6K SF of new retail space for lease, finished construction in July 2023.

• NYU is relocating the Wagner Graduate School of Public Service to 105 East 17th Street in Fall 2024, bringing over 860 students and over 200 faculty to Union Square.

• Target will open a 33K SF store at 10 Union Square East, establishing over 75 new jobs and creating a retail anchor and local amenity for 14th Street.

Next week (December 5 to December 9), DOT approved street connections to underground utilities on Fifth Avenue will continue. Superstructure work will continue at 1st and 2nd floor levels. Sidewalk sheds will continue being erected around the perimeter of the site. The following week (December 12 to December 16), we will continue superstructure concrete and slabs. Street utility connection work will continue.

This weekend the site will be open on Saturday, December 3rd for superstructure related activities between the work hours of 7AM and 5PM as permitted by the City.

Dear Board Members, Residents, & Building Staff,

While we are enjoying the nice rain-free weather lately, New York experienced truly little rainfall in October. In fact, it is the second-longest dry spell we have seen in 155 years. This means we are potentially facing water shortages if either the weather does not change and/or we do not cut back on water usage. This past Saturday, Mayor Adams asked city agencies to implement “water savings plans” and suggested that New Yorkers consider cutting back at the tap. While his announcement does not mandate any restrictions on water use, we want to be mindful of the situation. And as we manage hundreds of properties in the five boroughs, we feel it is important to pass along this message. For New Yorkers living in AKAM managed properties interested in doing their part, please consider the following water-saving measures:

In the Bathroom:

• Taking shorter showers will save 5 to 7 gallons a minute.
• When taking a bath, fill the tub only halfway and save 10 to 15 gallons.
• Install water-saving toilets, showerheads, and faucet aerators.
• Place a plastic bottle filled with water in your toilet tank if you cannot switch to a low-flow toilet.
• Turn off the faucet while shaving, washing your hands, or brushing your teeth. Faucets use 2 to 3 gallons a minute.
• Do not use the toilet as a wastebasket, and do not flush it unnecessarily.

In the Laundry Room/ Kitchen:

• Run the dishwasher and washing machine only when full. Save even more by using the short cycle.
• Install faucet aerators.
• Turn off the water while washing dishes. Kitchen faucets use 2 to 3 gallons a minute. Filling a basin only takes 10 gallons to wash and rinse.

Outside:

• Use a self-closing nozzle on your hose.
• Sweep your sidewalk or driveway instead of using water.
• Water plants before 9am or after 7pm and do not overwater them.

Other:

• Repair leaky faucets and turn taps off tightly. A slow drip wastes 15 to 20 gallons each day.
• Do not open fire hydrants.
• If you see a leaking or running fire hydrant, please report it to 311 or fill out this online form so we can follow up.

The Diesel store on the corner of 14th and Union Square West is no more. In its place will be a Reebok store and gym. Let’s get physical.