Irish pubs tapped out as rents climb, tastes change

Blarney Stone chain drops from 30 citywide locales to five

TRD New York /
May.May 19, 2014 08:00 AM

As rents climb and tastes veer increasingly toward craft beers and gourmet food offerings, New York City’s Irish pubs — which currently number around 2,000 — are on the decline.

Recent casualties include the Blarney Cove at 510 East 14th Street, Dewey’s Flatiron at 230 Fifth Avenue and O’Flaherty’s at 334 West 46th Street in the Theater District. And Blarney Stone, a chain that once counted 30 locations around the city, is now down to five.

“You’ve got to change with the times,” Paul Hurley, president of the United Restaurant & Tavern Owners of New York, who formerly owned Irish pub Kennedy’s at 327 West 57th Street, told Crain’s.

Soaring commercial rental rates couple with a tricky balance for these establishments, which cater to a clientele seeking a certain kind of experience with mainstays such as Guinness stout. That particular Irish institution had a “difficult year” in the U.S. in 2013, as the iconic stout faced “increased competition from new entrants in flavored beer,” the brew’s London-based owner Diageo told Crain’s.

“Given the type of cuisine and the prices people expect at Irish bars — no $18 cocktails, which help boost margins — the numbers just can’t add up,” Faith Hope Consolo, chair of Douglas Elliman’s retail group, told Crain’s. “It’s rough for Irish bars right now.” [Crain’s]Julie Strickland


Related Articles

arrow_forward_ios
Bars, restaurants and live entertainment venues around the world are now weighing their reopening options. Some owners say they can’t cover the cost of operating at reduced capacity. (Getty)

Facing the music: Entertainment venues, restaurants weigh reopening options

Facing the music: Entertainment venues, restaurants weigh reopening options
Even as the economy begins to reopen, many restaurant and cafe tenants like Chipotle and Starbucks are requesting rent reductions amid projected declines in revenue. (Photos by Roy Rochlin/Getty Images and Alex Tai/SOPA Images/LightRocket via Getty Images)

Major restaurants and cafes seek rent cuts, irking landlords

Major restaurants and cafes seek rent cuts, irking landlords
Bloomin’ Brands CEO David Deno and an Outback Steakhouse (Credit: Bloomin' Brands and Jeffrey Greenberg/Universal Images Group via Getty Images)

Outback Steakhouse cuts hours to the bone

Outback Steakhouse cuts hours to the bone
Small business owners in high-rent cities like New York and Los Angeles are balking at PPP loan money, and calling for more flexibility in how they may distribute the funding. (Photo by John Nacion/NurPhoto via Getty Images)

Small businesses in high-rent cities balk at PPP loans

Small businesses in high-rent cities balk at PPP loans
Councilwoman Carlina Rivera (Credit: Rivera via Wikimedia Commons, Justin Sullivan/Getty Images)

A game-changer for restaurants and retailers? Maybe, if it’s legal

A game-changer for restaurants and retailers? Maybe, if it’s legal
Restaurateurs have ideas on how to get cooking again

Restaurateurs have ideas on how to get cooking again

Restaurateurs have ideas on how to get cooking again
Reinventing the restaurant industry on tonight’s TRD Talks Live

Reinventing the restaurant industry on tonight’s TRD Talks Live

Reinventing the restaurant industry on tonight’s TRD Talks Live
In bid for relief, restaurants wage lobbying war against insurers

In bid for relief, restaurants wage lobbying war against insurers

In bid for relief, restaurants wage lobbying war against insurers
arrow_forward_ios

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

Loading...