Union Square West in the ’40s

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Union Square-14th Street has demonstrated incredible resilience during the unprecedented past year. There are strong signs the district will not only continue its
upward trajectory but also thrive as one of the City’s best neighborhoods to live, work, and invest in. In this report, outline the neighborhood’s key advantages and highlight the positive indicators of continued economic growth and success.

Among Union Square’s many advantages is its function as a true “15-minute neighborhood,” with its wealth of local amenities and resources accessible within walking distance or a short bike ride. The availability of public space, in particular, has emerged as an even greater asset this year as Union Square Park and nearby streets and plazas have been key for safe recreation, social activity, and commerce.

New developments across Union Square-14th Street are picking up momentum, introducing a range of transformative projects to the district’s skyline and public realm. Among the exciting projects underway, which include a civic center, two modern residential towers, and a boutique hotel, several projects have recently reached key milestones:
∫ Completion of the landmark restoration of Tammany Hall has introduced a new architectural icon at 44 Union
Square, including office and retail opportunities.
∫ Zero Irving’s Tech Training Center is on track to complete in Spring 2021. The project aims to bring 550 permanent jobs to the area.
∫ The City implemented a dedicated busway, improving access along 14th Street with the rollout of M14 Select Bus Service. In the months following its installation, ridership on the route increased 14% and travel times decreased 24%.
∫ USP unveiled the Union Square-14th Street District Vision Plan, an ambitious proposal that envisions a 33% increase in public space, and significant improvements to district accessibility and the overall pedestrian environment.

Investment in Union Square’s future remains strong, with over $850 million committed to projects across the commercial, residential, and health sectors, totaling over 1 million square feet of new development. Since January 2020, there have been over $500 million in residential sales around Union Square and there are more than 200 residential units in development. We look forward to welcoming our new neighbors to the district soon.

Since January 2020, 33 businesses have opened or plan to open in Union Square, including a mix of eateries, retailers, beauty, and professional services. These include 25 brand new to the district, five that relocated to a new or renovated space within the district, and three that have announced plans to open soon. Looking ahead, we are excited to welcome these new additions, including Rookie and the Urbanspace Food Hallin 2021, and Target in 2023.

With nearly 73,000 residents and 142,000 employees within a 1/2 radius, Union Square remains one of NYC’s most desirable places to live and work.
∫ Its 2:1 employee to residential population makes Union Square a true mixed-use neighborhood, supported by a diverse array of commercial businesses, retail,
and restaurants.
∫ 38.5% of Union Square’s residences are owner-occupied, a number far above Manhattan’s 24%

RESIDENTIAL OVERVIEW
Union Square Manhattan NYC
Total Population 72,928
Housing Units 42,603
Median Asking Rent $4,304
Median Home Value $1,336,014
% Owner Occupied 38.5%
Median Household Income $142,526
Median Age 35
Average Household Size 1.6

This weekend the site will be open on Saturday, July 28st for superstructure related activities and curtain wall installation between the work hours of 7AM and 5PM as permitted by the City. The crane on 13th st. will not be used during the weekend.

Next week (July 30 to August 3), Material and equipment deliveries and installation work will continue on all floors. Curtain wall installation on upper floors will continue and lower levels will continue on 13th st. with the aid of a small crane. The crane will remain on 13th st. for the purpose of curtain wall installation.

The following week (August 6 to August 10) Material and equipment deliveries and installation work will continue on all floors. Curtain wall installation will continue on all floors.

The New School says:

Next week (August 29 to September 2), Contractors will continue to excavate earth and rock, and load out material. Installation of bracing rakers and line drilling will progress as well. Concrete foundation walls will continue along the perimeter of the site. Interior core foundation work and underground electrical and plumbing will proceed. Contractors will be removing the interior earth ramp. A small cherry picker crane will be delivered to the site next week and will be stationed inside the Construction fence. This crane will remain there for approximately two months.

The following week (September 6 to September 9 ), we will continue with concrete foundation walls, line drilling, rock excavation, loading out, interior core foundation work, and underground electrical and plumbing. Concrete pours for the slab on grade are anticipated to start this week. The site will be closed for Labor Day weekend (Saturday, Sept. 3 through Monday, Sept. 5).

DEP will continue to repair the water main along 13th Street. As part of this work, the DEP may periodically shut water service off. This work is out of our control.

Mt. Sinai is a hosting a free flu shot clinic at Paragon Sports. Sign up here.