Park Slope restaurants must innovate to survive

New York /
Jan.January 20, 2012 01:00 PM

As Park Slope, Brooklyn, has become a dining haven, many eateries have also shuttered, due to higher rents and more competition, the Wall Street Journal reported.

But even as older restaurants, like the recently shuttered Aunt Suzie’s, leave, new restaurants snap up their space, the Journal said. Bareburger, Kos Kaffe Roasting House and Dizzy’s Diner have opened recently on Park Slope’s more popular strips, such as Seventh and Fifth avenues, according to the paper.

Irene LoRe, the executive director of the Park Slope Fifth Avenue Business Improvement District, said Fifth Avenue has about 150 bars and restaurants, and rents can be as high as $60 a square foot.

“You have to continually re-engineer yourself,” says Mitch Szpicek, vice president of the Park Slope Chamber of Commerce and owner of Little Things Toy Store on Seventh Avenue. “It’s about being able to stay in touch with the times, and knowing where you are and what you can do. Are you a destination restaurant, are you a cutting-edge location, what is it that you offer?” [WSJ]

 

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
Property buyers from the Middle East made up 16 percent of all sales to international investors (Getty)
Middle East investors returning to UK property market
Middle East investors returning to UK property market
Victor Oladipo joined the Miami Heat earlier this year. (Getty)
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
(iStock)
Canada’s surging housing market be peaking
Canada’s surging housing market be peaking
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice)
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Mark Zuckerberg and Priscilla Chan (Getty, iStock)
Mark Zuckerberg nearly doubles Hawaii real estate holdings
Mark Zuckerberg nearly doubles Hawaii real estate holdings
arrow_forward_ios

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

Loading...