Reminder: Shareholder’s Meeting Tomorrow

The annual shareholder’s meeting will take place on Wednesday June 30th at 7PM at the Seafarers’ and Interational House at 123 East 15th St, second floor.

At the meeting, the Board of Directors will be seeking at least one new member. If you wish to become a candidate for the Board and have your name placed on the ballot, please feel free to provide a short biography of yourself via fax (212) 986-0002 or e-mail to ymartinez@akam.com. The Board will also welcome nominations at the meeting itself.

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  • Union Square BID Reports Recent Pandemic-Related Business and Transit Statistics

    According to transit data from MTA and Citi Bike, Union Square continues to be one of the City’s top destinations for employees, residents and visitors alike. While subway ridership remains low across the system, currently 20% of normal use, turnstile activity at the Union Square-14th Street station has tripled since April.

    Similarly, bus ridership on the M14A/D busway is gaining momentum as average daily bus ridership has tripled since its low point in late March, reaching nearly 60% of pre-COVID daily ridership levels. For those visiting the district by Citi Bike, Broadway and 17th Street remains one of the City’s top 10 destination stations and ridership is up 45% since April. Another popular end station, Broadway and East 14th Street has experienced a 57% increase in use since April.

    Other indicators are up too. Union Square’s public Wi-Fi use is up to 42% from 15% at the start of the pandemic, signaling an uptick in outdoor activity. The district’s active public realm can be attributed to the draw of the Greenmarket, the expansion of outdoor dining activating sidewalks and roadways, and the reopening of local business that attracts steady foot traffic across the district.

    Union Square’s zip codes (10003, 10010 and 10011) make up 16% of Open Restaurants applications in Manhattan with the City’s highest number of applications located in 10003! Within Union Square-14th Street, nearly two thirds of businesses are conducting storefront activity and this number continues to grow as additional businesses and cultural institutions are making exciting plans to open their doors with events and programming as soon as it is safe to do so.

  • The Annual Union Square Partnership Commercial Update

    Union Square is bustling, with robust foot traffic recovery, a strong roster of new retail and office tenants, and new mixed-use residential developments in the pipeline.

    Key data points from the last 12 months highlight the district’s strengths:

    1.1M SF of office
    space leased in the
    last 12 months

    58K+ average daily
    riders at Union Square
    -14th Street Station

    13% higher visitor
    activity on Greenmarket
    days in USQ

    370K average daily
    weekday trips to the
    Union Square area

    78K+ SF of ground floor
    retail space leased in
    the last 12 months

    Visitor traffic reached
    a high of 109% recovery
    over January 2020

    DISTRICT TRENDS

    USQ IS THRIVING
    ∫ Union Square’s residents have strong spending power,
    with average household incomes nearly 75% higher than the
    Manhattan average.
    ∫ By the end of 2023, visitor traffic hit 109% of January 2020
    levels, driven by Union Square’s vibrant mix of uses and the
    steady return of office workers.
    ∫ Leading employers choose Union Square, and the biggest
    new leases represent finance, technology, hospitality, and
    fin-tech.
    ∫ Union Square grew as a job center, with its workforce
    increasing by 12% since 2023 to reach 168K employees.
    The tech and innovation sector remains strong, with over 45
    companies located in the area.
    ∫ 43 new businesses opened in the past year, 60% of which
    are food and beverage establishments. Indicating a return to
    in-person dining, the number of new sit-down restaurants in
    the district increased by 25% over the number that opened in
    the previous year.