See retail’s shattered dreams in the West Village: MAP

Vacant storefronts are spreading in once-vibrant neighborhood

TRD New York /
Feb.February 02, 2018 04:00 PM

If sections of Bleecker and Christopher streets look a little post-apocalyptic, you can blame the retail real estate market.

Amid skyrocketing rents and competition from e-commerce giants like Amazon, a growing number of stores and restaurants in the West Village shut down in recent years. Photojournalist Ben Fractenberg walked through the neighborhood to map vacant storefronts, which seem to be everywhere.

“Everything is gone. I don’t know how a business could spend that much money,” one resident told Fractenberg. “This whole area used to be more little shops. It’s sad.”

The New York Times broke down Bleecker Street’s retail vacancies last year, but the epidemic is also spreading to nearby Sixth and Seventh avenues and other side streets.

The Real Deal previously mapped retail vacancies on the Upper East Side and in Soho. [Medium] — Konrad Putzier


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)

Ricky’s, iconic NYC beauty shop, faces
more closures

Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

When it comes to retail, “real estate in New York is fundamentally broken”
445 Fifth Avenue and Harbor Group's Jordan Slone (Google Maps)

Harbor Group sued after defaulting on $40M loan at Midtown retail space

Harbor Group sued after defaulting on $40M loan at Midtown retail space
Governor Andrew Cuomo (Getty; Pixabay)

Landlords, tenants react to Cuomo’s latest eviction ban

Landlords, tenants react to Cuomo’s latest eviction ban
Retail bankruptcies are on pace to surpass those filed in 2010, while store closings have already passed those from 2019, according to a report (Getty)

Retail bankruptcies on pace to rival 2010: report

Retail bankruptcies on pace to rival 2010: report
175 Water Street and Nathan Berman of Metro Loft Management (Berman via CityRealty)

Inside Metro Loft’s new design for 175 Water Street

Inside Metro Loft’s new design for 175 Water Street
A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developer duo hit with foreclosure lawsuit

Brooklyn developer duo hit with foreclosure lawsuit
arrow_forward_ios

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

Loading...