Daily Mail takes a look at some of the reasons that storefronts remain empty and more and more are joining them. Part of what made Manhattan neighborhoods what they are is mom and pop. Most mom and pop are being forced out due to high rents but even recently, Petco closed a store on Manhattan’s upper west side with the reason being given that the rent was too high. This store was only open less than 2 years.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every Manhattan market from Battery Park City to Washington Heights.
by Brian Silvestry
Make my Cake will close their location on West 116th street and St.Nicholas avenue after 22 years due to rising rents. However, they will open a new location on Manhattan’s Upper West side at 795 Columbus avenue in the Columbus Square shopping center. They will take over the space that was occupied by Crumb’s.
Full coverage from NY Post
According to Patch.com, Chipotle will open it’s first Manhattan location at 72 W 125th street after searching for years for an ideal space.
In one of the only retail locations on Manhattan’s Central Park west, a cleaners has just put signage for a soon to be opened store. The location was previously rented by a CPA that was there for many years. The cleaners will be two doors down from a new deli that opened last year on Manhattan’s upper west side near West 100th street.
In between the two stores, there is one more empty storefront.
According to signage on the building that Whole Foods will occupy in Harlem, the opening will take place this summer. No specific date is visible on the signage.
The site also already has a Burlington Coat Factory, American Eagle and Olive Garden but Whole Foods is the anchor tenant.
This photo was taken this week as a banner has gone up advertising the Park Pleasant Deli coming soon to the north west corner of West 100th street and Central Park west. This is one of only two retail locations on Central Park west below 101st street. Formerly, a dry cleaners, the space has been subdivided and the deli will take up the corner location and the other space appears to be still available for lease.
Levain Bakery is moving out of 400 sqft into a larger space around the corner on Amsterdam avenue. The new space will be 3000 sqft in total and is located at 351 Amsterdam avenue just two blocks away according to LINK. The asking rent on the new space which is close to West 77th street was $27,500.
Trader Joe’s is reportedly in negotiations to lease a 20,000 sqft space at the base of 670 Columbus avenue. The space is at the base of the recently constructed retail between 92nd and 93rd street. There is already a Party City location in the retail strip. 100 West 93rd street is the postwar condo conversion above and rises 29 stories. Prices are about $1300 or so per square foot in the condo and the retail space was reportedly asking $450 psf according to LINK.
Just 4 blocks up, there is already a Whole Foods Market, in addition to Westside markets on Broadway at 97th street and 110th street.
PC Richards is opening a 20,000 sqft store in Harlem on 125th street at 309 West 125th street. The store will have both frontage on 125th street and 126th street which will make access and pickups easier for customers. The chain is family owned and was founded in 1909.
The shopping center that already includes Whole Foods,Sephora,Michael’s, TJ Maxx, and Bare Burger will have a Chipotle soon as well. Signage went up just this week. This means that nearly all of the spaces except a couple have been rented in this retail center. The Chipotle will be located at 805 Columbus avenue on the eastern side of the street. Do you think this is a good addition to the location?