Similar Posts

  • Options for the Virgin Space

    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.

     

  • 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.

    According to Jones, the piece, a nod to European clocks’ different mechanisms for telling time, originally was going to emit steam twice daily (at noon and midnight) along with bursts of sound. It barely has, if ever. She also notes that in spite of “periodic upgrades” to the numeral display, the clock was “never correct in the first place,” especially because the artists never saw it before it went up and it never had the flexible software it needed.

    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.)

    Curiously, the Metronome, steam and all, is prominently displayed on Related Rentals’ website, currently hawking one-bedroom apartments at the Union Square locale for a starting price north of $5,500 monthly rent. (“Live Luxuriously in a Work of Art,” it reads.) Related did not reply to Gothamist’s request for comment.

    The Metronome came about when Related approached the Municipal Art Fund in 1995, as The New York Times reported, about what to do with the building’s wall space. Eventually Related and the Public Art Fund held a competition where artists submitted proposals for the wall. Kristin Jones and Andrew Ginzel ended up getting the commission, and in 1999 the Metronome first began ticking along at Union Square.

    Since then, the artists say, they haven’t had input, or knowledge, as to how the artwork is being maintained, if at all. Jones says she’d personally rather see the Metronome be torn down instead of continue in its current state. “Since they don’t [correspond with us] I’m not interested in seeing the light bulb in the hole where there’s no steam,” Jones says. “It doesn’t make any sense.”

    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.”

  • Anti-Gay Chick-Fil-A Replacing Bluewater Grill

    Chick-fil-A is negotiating a lease for a Union Square location formerly occupied by popular restaurant Bluewater Grill. The fast-food chain, known for its chicken sandwiches and controversial support of antigay groups and issues, is likely to open an outpost at 31 Union Square West. Tthe landlord had been asking for nearly $2 million in annual rent, which is what drove Bluewater Grill to close. It isn’t clear whether Chick-fil-A will take the entirety of the roughly 11,000-square-foot vacancy and what the Atlanta-based chain is agreeing to pay in rent.