Circuit City Space to House Best Buy

Tomorrow (Tuesday 2/2) a product launch for Beyonce’s new Heat perfume will include an all-red light and fog show in Union Square for six hours starting at 6PM. Interesting.

Looking ahead to the upcoming holiday, the New School construction site will be closed on Saturday, December 31st and also on Monday, January 2nd. Next week (January 2 to January 6), Superstructure and concrete work will continue at 2nd and 3rd floor levels. Sidewalk sheds will continue being erected around the perimeter of the site and we will be opening the one on 14th st. The following week (January 9 to January 13), we will continue superstructure concrete and slabs on 2nd and 3rd floor levels. In the upcoming weekend, January 14th, we plan on installing the new crane on Fifth Avenue.

What might be next in the Virgin Megastore space? The New York Post has these rumors:

RELATED Cos. is negotiating with several tenants at One Union Square South for the Virgin Megastore space, sources said. The chain, which was purchased by Related and Vornado Realty Trust in 2007, is closing the store in late May or early June. All US-based Virgin Megastores are due to shut down by the summer.

Related controls the Union Square outlet, while Vornado handles the one in Times Square, which is closing in April to make way for Forever 21, the retailer that signed a megadeal for 100,000 square feet. The two real-estate giants licensed the then 11-unit Virgin chain precisely so they’d be able to control the retail in their buildings.

Sources said the asking rent in Union Square has recently dropped to $15 million per year from $25 million. According to its CoStar Group flyers, Winick Realty is seeking $700 a foot for the 26,000-foot ground floor and $150 a foot for the 31,035-foot lower level. One Union Square South, at 52 E. 14th St., includes the hulking Metronome artwork on the lower north side of the luxury apartment tower that rises from the retail base. Some of the prospective tenants include CVS and Best Buy, which has its eye on the Circuit City space now being controlled by the bankruptcy court.

Last fall, Related signed a letter of intent with Nordstrom Rack for about 40,000 feet. But Nordstrom in the end was reportedly loath to bring its off-price success story into the Big Apple before it snagged an A-plus site for the upscale department store flagship and nixed the Union Square opening. A Nordstrom spokeswoman said, “We will keep looking for a great spot to serve our customers.”

There is also talk that Forever 21 might jump from Vornado’s Whole Foods building at 40-48 E. 14th St., which also hosts Filene’s Basement, and expand into 19,200 feet at One Union Square. The Forever 21 store, which opened right after 9/11, has seven years left on its deal. But a buyout doesn’t make sense in the current economic climate.

Please be advised that curbside composting began on October 6, 2024. The program is mandatory and requires buildings to separate food and yard waste from other trash and recycling items. However, there is a grace period until April 2025 to allow buildings to implement the proper procedures and get everything in order.

• We have ordered one bin for each building and have ordered a second for each building in anticipation of participation.
• Residents are required to bring their food waste materials down and place them in the composting bin. The bins are on the second floor of 14^th Street and in the garbage area in the back of the lobby on 13^th Street. They are in place and ready for use.
• Acceptable materials for the composting bin include all food scraps, bones, dairy, prepared/cooked foods, and food-soiled paper (napkins, paper plates, coffee filters).
• Recycling and trash procedures remain unchanged.

Please see the attached DSNY flyer detailing acceptable materials for the composting bin. Additional guidance and recommendations include:

• Drain liquids before placing food scraps in the composting bin.
• Store composting materials in a plastic bag, brown paper bag, yogurt tub, or a designated organics container. Empty the scraps into the composting bin in the basement.
• To prevent odors, store scraps in the freezer if you cannot bring them down immediately.
• Newspapers, paper bags and certified compostable bags are acceptable in the composting bin. Plastic bags may be thrown in the bin as the DSNY has a method for removing them. Hard plastic, metal, and glass are not permitted.

As a reminder, plastic, cardboard, metal, and glass should be recycled separately and not placed in the composting bin. Regular trash items including Styrofoam, pet waste, or diapers must not be thrown into the composting bin.

Should you have any questions or concerns, please feel free to contact me or Mecca at 212-986-0001 or via email at TCunningham@akam.com or MWhite@akam.com.

Thank you.

First it was the mysterious India Pavillion, which survived for many years even though no one ever ate there. Then it was Mauricio for a couple of years. Now Da Andrea is thriving in the spot on West 13th formerly occupied by those two long gone establishments. People sure seem to like it.