Chain Chain Chain
Fewer national chains opened New York City locations between 2012 and 2013 than in any year since at least 2008 according to a report by the nonprofit research group Center for an Urban Future.
The slight 0.5 percent increase in the number of chain retail locations paled in comparison to the 2.4 percent spike between 2011 and 2012. In fact, there are currently fewer chains in Queens and Manhattan than last year, perhaps giving hope to critics of the city’s supposed transformation into an outdoor mall.
The East Village rumor mill is working overtime on reports that 7-Eleven may have nixed plans for a controversial store on East 11th Street and Avenue A.
Proposals for a 7-Eleven branch in the once-gritty Alphabet City have prompted guerrilla street art protests, the No 7-Eleven blog and a visit by the righteous anti-consumerist Reverend Billy.
Convenience store chain 7-eleven has signed a long-term lease for roughly 2,500 square feet of retail space at 111 Fulton Street in the Financial District, The Commercial Observer has learned.
Ross Kaplan of Newmark Grubb Knight Frank represented the landlord, while Ariel Schuster and Greg Covey at RKF represented the tenant.
“There’s a flurry of activity going on Downtown,” Mr. Kaplan said, who has represented the landlord for the last year. “Tourism and a dense commercial and residential population is a big draw for retailers in this part of town, especially quick-service shops.”
Au Bon Pain has signed a long-term lease for roughly 2,600 square feet of retail space at 111 Fulton Street in the Financial District, The Commercial Observer has learned.
Ross Kaplan of Newmark Grubb Knight Frank represented the landlord, while Jacqueline Klinger of The Shopping Center Group represented the tenant.
“There’s a perfect storm going on Downtown,” said Mr. Kaplan, who has represented the landlord over the course of the last year. “The dense commercial and residential population, as well as the tourism in the area, is a great draw for retailers.”