Openings and closings: Omega opens on Fifth Avenue, Balducci’s to close

New York /
Apr.April 06, 2009 01:07 PM
Clockwise from top left: Omega, Dynasty Restaurant & Coffee Shop, Kobe Club and Balducci’s

Omega has opened its Fifth Avenue flagship store. Crumbs Bakeshop, at 1675 Broadway between 52nd and 53rd streets, has a “ready soon” sign in the window. The Dynasty Restaurant & Coffee Shop on Avenue B and 14th Street will reopen as the AlphaBet Cafe within two weeks. In Park Slope, the grocery store at the corner of Sixth Avenue and St. Marks Place will become another location of Cubana Cafe in July. The Odd Twin Trading Company, a vintage clothing store, hung up its sign at 164 Fifth Avenue at Degraw recently. Filene’s Basement, which has a store at Broadway and 79th Street, has, for the moment, avoided a possible bankruptcy by talking to creditors about restructuring its debt. The East Hampton location of the Kobe Club will close, and the space will become a new location of Chinese restaurant Philippe. The owner will donate a percentage of the summer’s profits to the American Cancer Society in the name of former New York Post real estate columnist Braden Keil. 

But other retailers have not been as lucky as Filene’s in avoiding closure. The Beatrice Inn has been shut down. Balducci’s, a gourmet grocery store, is closing both of its Manhattan locations, on West 66th Street and at Eighth Avenue and 14th Street in Chelsea, at the end of the month. The chain has other locations in Connecticut, Maryland and elsewhere, according to the company’s Web site. Clinton Restaurant, on the corner of Clinton and East Houston streets on the Lower East Side, is up for sale, though the restaurant is still open. The R&S Strauss auto parts store on East 14th Street at Avenue C has closed. The space was reportedly sold in January, but the purchaser is not named. TRD

 

Related Articles

arrow_forward_ios
Major Food Group managing partner Jeff Zalaznick in front of 37 Hudson Yards (Major Food Group, Google Maps)
Major Food Group bringing members club to Hudson Yards
Major Food Group bringing members club to Hudson Yards
Jersey Mike's CEO Peter Cancro in front of 1500 Smithtown Avenue in Bohemia, Long Island (Jersey Mike's, Google Maps, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Sandwich chain Jersey Mike’s expanding in NY
Sandwich chain Jersey Mike’s expanding in NY
A photo illustration of Market by Macy's located at 321 State Street in Southlake, Texas (Google Maps, iStock)
Macy’s embracing smaller stores in department store shuffle
Macy’s embracing smaller stores in department store shuffle
Photo illustration of SL Green's Marc Holliday (iStock, Getty)
The sin I live in: Times Square looks to Las Vegas for inspiration
The sin I live in: Times Square looks to Las Vegas for inspiration
Retail landlord Jack Terzi and 240 East 54th Street (Jack Terzi)
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Thor Equities' Joe Sitt and the retail condo at the base of 700 8th Avenue (Thor Equities, Google Maps)
Joe Sitt loses West Side retail space to foreclosure
Joe Sitt loses West Side retail space to foreclosure
ASG Equities' Raymond Gindo and George Karnoupakis with 472 86th Street in Bay Ridge (ASG, Getty)
Gindis finish assemblage to redevelop ex-Century 21 site
Gindis finish assemblage to redevelop ex-Century 21 site
UBS retail analyst Michael Lasser (LinkedIn, iStock, Illustration by Kevin Cifuentes for The Real Deal)
UBS predicts 50k store closures over 5 years in tick toward optimism
UBS predicts 50k store closures over 5 years in tick toward optimism
arrow_forward_ios

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

Loading...