Restaurants, stores close, but retail deals still happening

New York /
Feb.February 25, 2009 04:50 PM
From left: City Bakery, Limelight

Maury Rubin, owner of City Bakery, an organic bakery chain, has
canceled plans
to open a branch of City Bakery in Battery Park City.
Rubin had already postponed opening the branch several times. Landlord
Ben Ashkenazy is still debating what to do with the church at the
corner of Sixth Avenue and 20th Street, former home of the Limelight
night club.
The club last closed in 2007. The space is temporarily home to fashion
retailer Jack Menashe’s leftover inventory. Falt Watch Service and
Repair, on the third floor of Grand Central Terminal, will be closing
by the end of the week
. The shop’s owner also has a store in Stamford,
Conn., and an online store.
The Panorama Galleries, an antique store on Fourth Avenue and 12th
Street, is closing and may be opening a new location in Brooklyn.
In Brooklyn, there are now nine “for rent” signs on Montague Street
between Clinton Street and the Promenade. Jennifer Convertibles and
the Washington Mutual branch at the corner of Henry Street were two of
the spaces on Montague Street that closed this week.
Julia Christensen discusses how to reuse the vacant space left behind by shuttered big box stores. Etherea, at 66 Avenue A, between 4th and 5th streets, is closing this
week
, but an employee may be taking over the space and opening his own
store.
Red Hook sandwich shop Defonte’s just opened a second branch in
Gramercy.
Meanwhile, retail deals are still happening Manhattan, but they are much
smaller than usual.
TRD


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Simon Property Group CEO David Simon. (Getty, Simon)
Simon says suburbia is hot, raises guidance for 2021
Simon says suburbia is hot, raises guidance for 2021
Jeff Gennette and the Macy’s Herald Square location (Getty, Google Maps)
Macy’s seeks approval for office tower above Herald Square flagship
Macy’s seeks approval for office tower above Herald Square flagship
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...