Will IHOP transform Carmine Street?

TRD New York /
Aug.August 03, 2012 11:00 AM

Carmine Street in the West Village offers quaint shops like Unoppressive, Non-Imperialist Bargain Books. Increasingly, however, the street is also home to mega-chains such as International House of Pancakes. But locals and businesses disagree about the future of the somewhat sleepy strip, the Wall Street Journal reported.

“I don’t like brands, because then it’s just Times Square,” one resident told the Journal. “A Pinkberry — that’s my worst nightmare.”

Others say the neighborhood is ripe for development and that the arrival of the 10,000-square-foot IHOP, which signed a lease in May, augurs a bright future for real estate in the vicinity.

IHOP is “a big brand, and it’ll help me convince other big brands to follow,” Kevin Salmon of Salmon & Marshall Real Estate, who negotiated the deal, told the Journal. “People don’t even know where Carmine Street is — yet. We’ll fix that.” [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
MGM CEO William Hornbuckle and the Bellagio resort

MGM, desperate for cash, launches “Work From Vegas” program

MGM, desperate for cash, launches “Work From Vegas” program
Mall of San Juan (Taubman)

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
Invitation Homes CEO Dallas Tanner (iStock; Tanner via Invitation Homes)

Invitation Homes may double its single-family portfolio

Invitation Homes may double its single-family portfolio
Richard Branson and Brightline train (Getty, Virgin)

Brightline ends partnership with Virgin Trains in South Florida

Brightline ends partnership with Virgin Trains in South Florida
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
arrow_forward_ios

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

Loading...