Union Square West, 137 Years Ago

The north end of Union Square Park will soon look a lot better. 21 trees are on the way.

This week (June 6-10), contractors will continue to excavate earth and rock, and load out material. We will complete the underpinning of the adjacent buildings. Installation of rakers, line drilling, lagging and sheeting around the perimeter will progress as well. Concrete foundation walls are scheduled to begin.

The following week, we will continue line drilling, rock excavation, and loading out, as well as lagging and sheeting.

Concrete foundation walls will progress.

This year’s annual shareholder meeting will take place virtually on October 12. Watch your mail and e-mail for log-in details.

Crain’s reports:

Time may be running out for brides to dash to Filene’s Basement. The off-price retailer, famous for its Running of the Brides discount wedding dress events, is on the block. In a filing with the Securities and Exchange Commission Friday, the chain’s Columbus, Ohio-based parent Retail Ventures Inc. said efforts to cut costs “is not likely to lead to sustainable operations for Filene’s basement.”

In January, Retail Ventures had announced the closing of 11 underperforming Filene’s stores, including one in Levittown, N.Y. Yet performance at the remaining 25 locations, which include four in New York City, “has continued to deteriorate significantly since that time,” according to the filing. Retail Ventures, which also owns footwear chain DSW Inc., said it will delay the filing of its annual results with the SEC.

Say sayonara to Sumile Sushi on 13th St. near 7th Ave. Started out as super high-end Japanese and morphed into expensive sushi. It always seemed overpriced, even before the recession. Here’s hoping something new and interesting will take over the space.

Next week (October 10 to October 14), contractors will continue to excavate earth and load out material. Concrete foundation walls at the South East corner of the site and slab on grade work will continue. Underground electrical and plumbing work will continue. DOT approved street connections to underground utilities on Fifth Avenue will progress. Formwork and rebar for superstructure will continue at cellar levels.

The following week (October 17 to October 21 ), we will continue superstructure concrete and slabs, street utility connections and underground electrical and plumbing.