Affordable rents boost Forest Hills’ other retail strip

New York /
Aug.August 24, 2012 09:30 AM

When New Yorkers think of Forest Hills retail, Austin Street, just steps from the 71st Avenue express subway station, comes to mind. But according to the Wall Street Journal, Metropolitan Avenue, about 15 minutes away by foot, is growing into a restaurant destination while simultaneously keeping out chains.

Queens’ lone Michelin-starred restaurant, Danny Brown Wine Bar & Kitchen opened on the stretch several years ago, as have heralded restaurants Wafa’s Lebanese Cuisine, Il Poeta Ristorante Italiano and Pampas Argentinas steakhouse. They join neighborhood standbys, including Eddie’s Sweet Shop.

The draw of these restaurants, combined with entrepreneurs taking advantage of affordable rents have helped stabilize the retail strip, according to the Journal. Though several antique stores have shuttered in recent years, the $20 to $35 per square-foot rents have helped keep most mom-and-pop shops in business. Meanwhile, on Austin Street, rents that approach $100 per foot have forced local out businesses and turned the shopping strip into an urban mall.

“It came to A Point That The Rents On Austin Street were the same as some parts of Manhattan,” said My Kitchen owner Galik Ambarsom, who moved to Metropolitan Avenue.

The one notable chain that opened recently, a Trader Joe’s on Woodhaven Boulevard in 2007, has served to drive foot traffic to the quieter Metropolitan Avenue corridor. [WSJ] — Adam Fusfeld


Related Articles

arrow_forward_ios
Neir’s Tavern (Credit: Google Maps)
City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline
City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline
Neir's Tavern (Credit: Google Maps)
Landlord to bar owner: You don’t have to go home but you can’t stay here
Landlord to bar owner: You don’t have to go home but you can’t stay here
World’s best bar expands in FiDi
World’s best bar expands in FiDi
World’s best bar expands in FiDi
Placeholder image
Beloved downtown bar in rare Federalist building turns 200
Beloved downtown bar in rare Federalist building turns 200
The Campbell Apartment
The Campbell Apartment dodges eviction, for now
The Campbell Apartment dodges eviction, for now
Iconic GV pub faces yet another legal hurdle
Iconic GV pub faces yet another legal hurdle
Iconic GV pub faces yet another legal hurdle
The “oldest” legal drinking hall in every neighborhood
The “oldest” legal drinking hall in every neighborhood
The “oldest” legal drinking hall in every neighborhood
Iconic bar booted from Christopher Street
Iconic bar booted from Christopher Street
Iconic bar booted from Christopher Street
arrow_forward_ios

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

Loading...