Vacant Village

Series of High-Profile Retail Closures in Village Points To Momentarily Stark Reality

Shuttered location of Pet Central  at 237 Bleecker Street (credit: Lauren Elkies Schram)

In the world of real estate, as in life, perception is in the eye of the beholder.

The retail market in the West Village and Greenwich Village is no exception, as neighborhood staples close due to rising rents, leaving spaces vacant and landlords searching for high-rent-paying tenants. While neighbors may find the shuttered shops to be eyesores and longtime retail tenants may find the skyrocketing rents unfair, many brokers leasing those spaces are saying it’s due to a hot market and the changing nature of the neighborhood. Read More

Lease Beat

Bien Cuit Grabs 5K Square Foot Kitchen in Sunset Park

Courtesy of Serious Eats

Bien Cuit has inked a deal for a kitchen in Sunset Park.

The bakery will open a 5,000-square-foot kitchen at 4502 Second Avenue in Brooklyn to expand their wholesale production. The bakery currently operates out of a retail location at 120 Smith Street in Boerum Hill, but growth and demand have led business partners Zachary Golper and Kate Wheatcroft to expand operations. Read More