Read all about the sales difficulties of 61 5th Avenue and see lots of pictures here.
After nearly two and a half years since Dryden Gallery moved out, 129 Fourth Ave. is getting a new full-time tenant.
The Post reports that the first U.S. outpost of Mi Garba (“I like it” in Italian!) is opening here just south of East 13th Street.
And what will they sell?
“The flagship 1,000 square-foot space, at 129 Fourth Ave., will include a restaurant with 10 tables. There will also be Tuscan food and wine for sale along with a boutique offering fashion items, including custom-made shirts and jackets.”
This finding from the Union Square Partnership:
The Union Square Partnership analyzes and promotes visitor activity by conducting pedestrian and bicycle counts every two years over several Fridays and Saturdays in July. Working with BFJ Planning, counts were taken from 8 AM to 10 PM at 26 locations around Union Square Park. To gain the most accurate account of how many people move through Union Square on a typical summer day, the data gathered was then combined with transit turnstile information for the 14th Street – Union Square station. The station is the fourth busiest subway hub in NYC on a weekday and skyrockets to second position on weekends. Based on turnstile count patterns, it is estimated that during the summer a record-breaking 383,000 people visit the area on a Greenmarket Friday over a 24-hour period, a 10% increase from our last survey.
Find the full 2014 Pedestrian Activity Report here.
The Wall Street Journal has a lot to say about what’s happening in our neighborhood. For example: ““I think the area was quite spectacular and bohemian to begin with, but it’s becoming a bit more adult,” said Madeline Hult Elghanayan, a broker at Douglas Elliman Real Estate. “You now see a new, luxury-oriented clientele that’s looking for places to live in this immediate area.“
According to a report from Crain’s New York:
Foot traffic is stepping up in Union Square. The area now sees 11% more visitors on summer Fridays than it did in 2012, according to a recent survey conducted by the Union Square Partnership, the neighborhood’s business improvement district. After counting pedestrians and using data from subway turnstiles, the BID estimates that 383,000 people are in Union Square on a Greenmarket Friday.
“Union Square has it all,” crowed Jennifer Falk, executive director of the BID, in a statement, referring to the park, transit options, shops and the Greenmarket.
In recent months, the neighborhood has also drawn a variety of retailers—from Brooklyn doughnut shop Dough to classic outdoor-clothing brand Eddie Bauer. E-commerce brand Rent the Runway also set up a showroom in the area last fall. According to the BID, Union Square has a ground-floor retail vacancy rate of 2.9%, though several spaces are currently on the market.
Retail rents in the area are pricey and rising. Dylan’s Candy Bar signed a deal for 3,300 square feet at 33 Union Square West, a spot formerly held by Puma, for $545 a square foot in the fall, for example. Such rents have pushed out several longtime retailers, including Union Square Café. The Danny Meyer-owned restaurant announced over the summer it will be vacating its space on East 16th Street after three decades. When Mr. Meyer opened the eatery in 1985, he reportedly paid around $50,000 a year in rent—that price has jumped to $650,000.
Union Square’s BlueWater Grill may be gone as of next fall because the landlord, the same guy who priced Union Square Cafe out of the neighborhood, is at it again.
Not that we needed a store full of notebooks…but here it is.
A major renovation is coming to the former Tammany Hall headquarters in Union Square where owners want to put a new glass dome over the landmarked building and demolish a theater to make way for retail and office space, the project’s architects said.
The historic structure at 44 Union Square East, built in 1929 to house the Democratic Party machine, will undergo a major overhaul that will restore the facade, gut the existing theater and add windows and glassier storefronts, according to BKSK Architects which is designing the project.
The most striking change will be a new 30-foot glass dome on top of the building, which will add about 27,000 square feet to the structure and will house office space, according to Harry Kendall, a partner at BKSK.
“Our effort is…to make it a more distinctive destination and presence on Union Square,” Kendall said. “We think we can make this building into something it never was.”
After hearing a presentation about the proposal this week, Community Board 5’s Landmarks Committee voted unanimously to reject it, saying the changes would be too drastic for an historic building that was just landmarked last year.
“While I like the way it looks — can you put something like this on a landmarked building?” said Edward Klimerman, a committee member. “It turns it into a different building.”
The Landmarks Preservation Commission designated the building as a landmark in June 2013, noting its references to early American architecture, including Colonial columns out front. The building’s design drew inspiration from the original Federal Hall in Lower Manhattan, where George Washington took his first oath of office.





