Next week (August 15 to August 19), contractors will continue to excavate earth and rock, and load out material. Installation of bracing rakers, line drilling, lagging and sheeting around the perimeter will progress as well. Concrete foundation walls will continue along the perimeter of the site. Interior core foundation work will proceed. The following week (August 22 to August 26 ), we will continue with concrete foundation walls, line drilling, rock excavation, loading out, and interior core foundation work & underground plumbing. DEP will continue to work on the water main along 13th Street. The site will be open on Saturday, August 13th. Work hours are between 9AM and 5PM as permitted by the City. To control noise levels, work activities will be limited to the placement of formwork and rebar for concrete placement, wood lagging, and installation of walers and braces. There will be no rock excavation, rock chopping, or hauling on Saturday.
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.
Dominique Ansel is opening a third bakery in Manhattan. The French pastry chef, famous for inventing the cronut in 2013, has signed a 15-year lease n at 64 University Place, between East 10th and 11th streets. The new bakery is located on the ground level of that yet-to-be-completed 11-floor luxury apartment complex.
Levain Bakery, known for its signature crispy-on-the-outside, chewy-on-the-inside cookies, just opened its 14th location at 2 West 18th Street. Check out its exclusive black-and-white cookie flavor, only found at this location.
Read this fun and interesting New Yorker article about artists who get together in our nearby smelly Taco Bell.
