Restaurants, stores close, but retail deals still happening

February 25, 2009 04:50PM

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