Union Square Retail Is Doing Well These Days

Permits have been filed to build a 12-story 29-unit building at 34 Union Square East. The proposed 124-foot-tall building will have 29,390 square feet of residential space and 1,555 square feet of commercial space. The site formerly held a TGIF restaurant and then the Spacious co-working space. It has been vacant for six years.

From the Observer:

Jason Scherr, owner of the cafe that the New York Press named best new coffee shop in 2008, has signed a lease for about 1,600 square feet at 123 Fourth Avenue, between 12th and 13th streets, in which he will open his third Think Coffee by the end of the summer, according to Jason Turner, his broker at Zelnik & Company Real Estate. Think is taking the space of the closed Panorama Galleries on an otherwise rather shoddy block that just happens to be steps away from N.Y.U.’s Third Avenue North dorms and its soon-to-be-completed new dorm on 12th Street.

Think Coffee’s two other cafes are at One Bleecker Street and 248 Mercer Street.

“Think Coffee thought it was an emerging street that had some upside,” Mr. Turner said. “Rents are significantly lower than on Broadway or University, so he can be within the Union Square submarket without having to pay Union Square rents.”

If you get the chance, walk by the former location of The Adore at 17 East 13th St. where renovations have uncovered an antique sign advertising childrens’ haircuts. Sad to say, it’s likely that it will be gone soon.

Zoning changes around Union Square, specifically to OUR zone, C6, are designed to make it easier for a wider variiety of businesses to set up shop at the ground floor level and above. The details are here. For example,

• Arcades

• Axe-throwing

• Billiards/pool halls

• Bowling alleys

• Escape rooms

• Golf simulator driving range

• Indoor go-karts

• Indoor skateboard park

• Interactive or virtual reality attractions

• Laser tag

• Miniature golf

• Observation towers

• Ping pong/table tennis

• Play spaces/family fun centers

• Wax figure exhibitions

• Seasonally: haunted houses and similar fright attractions

• Comedy shows

• Concerts

• Dancing

• Open-mic night or poetry reading

• 3-D printing

• Brewery

• Ceramic studio

• Jewelry making

• Wholesale and/or large-scale bakery

• Woodworking

• Other food and beverage producers, such as coffee roasters, ice cream makers, and shared commercial kitchen or food business incubator space

• Other makers

Reminder: The annual shareholders’ meeting will take place on

July 22nd at 7PM – 9PM at The Seafarers and International House ,123 East 15th St. on the second floor.

Please attend, and if you can’t, please hand off your signed proxy to a neighbor who will be attending. After the meeting, the Board will send around the minutes and any presentations via e-mail. If you would like to update your e-mail address, please send it to donwillmott@hotmail.com.