Why these retailers opened in midst of pandemic

On Fifth Avenue in Park Slope, 37 new businesses sprung up

New York /
Dec.December 16, 2020 09:35 AM
More businesses have opened than shut on Park Slope’s Fifth Avenue. Inset: Mark Caserta, head of the corridor’s business improvement district (Photos via Google Maps; LinkedIn)

More businesses have opened than shut on Park Slope’s Fifth Avenue. Inset: Mark Caserta, head of the corridor’s business improvement district (Photos via Google Maps; LinkedIn)

In the past eight months, Park Slope’s Fifth Avenue has shriveled up and sprung back to life, even as the pandemic surges across the city and nation.

In that time, 32 businesses have gone, according to the Wall Street Journal. However, 37 businesses have launched or are preparing to open.

“The closings have slowed down,” Mark Caserta, head of the corridor’s business improvement district, told the newspaper. “They’re always finding a way to stay open.”

Figures from the Census Bureau show that across the country, including in New York, weekly applications for new businesses have surpassed year-earlier levels since the beginning of summer.

On Fifth Avenue, Konditori, a coffee and pastry shop, Miriam, a Middle Eastern restaurant, and a Foodtown are among them.

Still, the road ahead remains rocky. Winter with indoor dining halted is an existential threat to many restaurants, despite their heaters and tents. And a further lockdown is likely, Mayor Bill de Blasio predicted this week, threatening other retailers. Gov. Andrew Cuomo will make that call.

[WSJ] — Sasha Jones


Related Articles

arrow_forward_ios
(Getty)
Strong November hiring reported in real estate industries
Strong November hiring reported in real estate industries
Rihanna with 8000 Mall Walk (Getty, Visit West Chester NY)
Rihanna’s Savage X Fenty heads to Yonkers
Rihanna’s Savage X Fenty heads to Yonkers
Why real estate shoppers are bagging grocery-anchored plazas
Why real estate shoppers are bagging grocery-anchored plazas
Why real estate shoppers are bagging grocery-anchored plazas
Macy’s CEO Jeff Gennette (Getty)
Macy’s converts 1M sf to fulfillment space
Macy’s converts 1M sf to fulfillment space
(Photo Illustration by The Real Deal with Getty)
Black Friday store traffic jumps, but sales don’t
Black Friday store traffic jumps, but sales don’t
(Illustration by The Real Deal with Getty)
Retail real estate continues climb, reaches record low availability
Retail real estate continues climb, reaches record low availability
1 Wythe Avenue in Greenpoint, Brooklyn and Brooklyn Brewery CEO Eric Ottaway (Google Maps, Twitter/@EricOttaway)
Brooklyn Brewery to expand in move to Greenpoint
Brooklyn Brewery to expand in move to Greenpoint
Target's Brian Cornell (Getty, Target)
Target plans 150K sf stores in footprint expansion
Target plans 150K sf stores in footprint expansion
arrow_forward_ios

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

Loading...