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Some kind of fancy champagne bar will soon be positioned across the street from our front door.

Got $15 million? That’s what it will cost you to buy the burned out deli on the corner of 13th and 5th, which has stood vacant for the past two years. At that price, and given the zoning regulations, the most likely outcome would be a 10-story luxury condo building. But now doesn’t seem to be a good time for new condo development, so there are no takers. Even the New School, which as we all know is interested in increasing its presence in the area, has said that it is uninterested in the lot. Check out the fascinating history of the building.

Gothamist reports that Nordstrom is very close to signing on to take over the Virgin Megastore space to install one of its discount Nordstrom Rack stores. Sounds fine, although some bloggers would much rather have a Target there.

Next week (April 22 to April 26), material and equipment deliveries and installation work will continue on all floors inside the building. We will be work on the new sidewalks around the building as well.

The following week (April 29 to May 3), material and equipment deliveries and installation work will continue on all floors.

This weekend the site will be open on Saturday, April 20th for interior and sidewalk activities between the work hours of 7AM and 5PM as permitted by the City.

The Union Square Partnership reports:

Amid the broader success of the Union Square area in 2024, the performance of 14th Street between 1st and 6th Avenues stands out as exceptional. This segment alone welcomed 18 new businesses in 2024, including Q4 openings such as Adonis Barbershop, Upperz Café & Bar, Kamisama, and Harlem’s famous soul food restaurant Amy Ruth’s. These family-owned establishments enhance Union Square’s vibrant and diverse retail and food scene.

Thanks to strong leasing activity this quarter, the storefront vacancy rate along 14th Street between 1st and 6th Avenues has dropped to 9%, with just one available ground-floor listing east of Broadway.

According to LiveXYZ, this is below the average vacancy rate for Manhattan Business Improvement Districts (BIDs) (16%) and the vacancy rate for the Union Square Partnership BID as a whole (16%).

Beyond retail growth, investments in residential developments and transit upgrades have modernized 14th Street’s appearance and accessibility at Union Square’s western gateway. The completion of upgrades to the F/L/M/1/2/3 subway station at 6th Avenue has made the station fully accessible, complementing new residential landmarks like FÖRENA (540 6th Avenue) and 101 West 14th Street at the intersection’s northern corners. Meanwhile, construction is underway on a 71-unit condominium at 525 6th Avenue on the southwest corner, poised to complete the transformation of this important intersection.

The latest “doomsday” budget cut plans from the MTA include eliminating the W train, which would be an inconvenince at Union Square, although the R, N, and Q still head the same way, at least in Manhattan.