Business on the Increase Around Union Square

The 4th Quarter Union Square Partnership Business Report, available here, has some interesting updates:

Union Square finished the year strong, with storefront occupancy in the BID1 reaching 91% in Q4 2025 (compared to 85% in Q4 2024). This growth reflects continued   confidence in the district and demand from both national operators and emerging local players. Around Union Square Park, five long-vacant corner storefronts are slated to welcome new business openings in 2026, including global apparel anchor UNIQLO as well as Flight Club and Voodoo Doughnut, both new to NYC.

60 businesses opened in Union Square in 2025 (11 more than in 2024). Q4’s 16 openings ranged from top retailers like Pacsun, Ulta Beauty, and Aritzia (which expanded into a new space three times its previous size), to more intimate establishments like Maison Welles and Stars. Nespresso debuted its 13,000+ SF flagship that merges traditional retail with multi-sensory coffee tastings, interactive masterclasses, and a speakeasy. While Nespresso leads in scale, smaller coffee-forward openings include unique experiences this quarter, including Ioannis Coffee Chef’s “farm-to-cup” workshops and luckin coffee’s tech-driven model. With rising occupancy and a robust tenant pipeline, Union Square enters 2026 primed for an exciting year.

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  • Latest New School Construction Update

    DOB has granted our request to start placing our concrete at 6am, which will allow us to finish this work earlier in the evening. We have 3 more instances like this until we finish our superstructure in early June.

    Therefore, next week (April 30 to May 4), Superstructure work will continue at the 15th and 16th floor levels. Tuesday, May 1st and Friday, May 4th we will have a pour with a 6 am start time and similar end time, weather permitting. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic.

    The following week (May 7 to May 11), we will continue superstructure concrete and slabs on the 17th floor and roof levels. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic.

    This weekend the site will be closed.

  • Latest New School Construction Update

    Next week (September 24 to September 28), Material and equipment deliveries and installation work will continue on all floors. Curtain wall installation on the upper floors will continue. Curtain wall installation on the lower floors will proceed along 5th ave inside the construction site. The crane that is on site will remain for the duration of curtain wall installation and will not affect pedestrian or automotive traffic.

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  • A Refresher Course on the Metronome Wall Art

    from Gothamist.com

    The Metronome, the hulking piece of public art omnisciently keeping time in Union Square, has been an object of both fascination and derision for twenty years. The work is meant to be a rumination on time and rituals, and features a massive rock, a whirring digital clock that means wildly different things depending on who you ask, and a hand from Union Square’s own equestrian statue of George Washington that points to its history.

    Yet something seems to be off about the Metronome. As a tipster pointed out to Gothamist, the steam that was supposed to emerge from the center of the piece hasn’t worked in ages, it doesn’t seem to have been maintained in a while, and even its website is defunct.

    That might be because the Metronome wasn’t ever finished, as Kristin Jones, the artist who created the piece along with Andrew Ginzel, tells Gothamist. It was always meant to be more than be a “gaping hole,” “void,” or “smoldering anus,” as it’s been called before. Jones says that the “dismissive and inadequate” upkeep from The Related Companies (the real estate company that owns the property) means the Metronome has never looked, or kept time, as they intended it to.

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    Jones knows that people seem baffled about what the numbers represent: They don’t, say, represent the national debt or the time left until the Earth implodes, and it is indeed a clock meant to be read left to right. (The left half, at least, which displays the time since midnight. The right half, which shows the time remaining until midnight, should be read right to left.)

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    Stephen Ross, the billionaire developer and chairman of Related, is responsible for Hudson Yards’ Vessel, the wastebasket-like stairway to…somewhere that owns your photos. Ross hasn’t been shy about his distaste for the piece Related had a hand in creating at One Union Square South. “It was a disaster,” he told The New Yorker last year. “That thing where the smoke comes out? Whatever the hell it is.”

    “Union Square South was and is a machine for enrichment, as is so much of real estate development today often without sincere civic vision,” Jones and Ginzel wrote in a statement. “Witness Hudson Yards. If Mr. Ross maintains ‘The Vessel’ as he has Metronome, pity the public who must contend.”

  • Water Alert!

    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.