Greenwich Village | The Commercial Observer

Which 3 Submarkets Have Surpassed 2007 Asking Rents?

Flash back to the year 2007: Manhattan real estate was red-hot, and asking rental rates were at all-time highs across all 19 submarkets tracked by Cassidy Turley.

But then the financial world collapsed, and real estate quickly followed. Instead of a long, drawn-out down cycle, the market showed resilience and began to bounce back in 2010. Since that time, though, only three out of the 19 submarkets’ current overall average asking rents have surpassed those historical highs from 2007, with nine of the submarkets still 10 to 25 percent off those numbers. Read More

By Al Barbarino 12/04/12 7:30am

ICSC

Retail’s Big Renaissance

With more than 50 million tourists running amok each year, consumers feeling recharged, and throngs of foreign retailers streaming in, Manhattan’s prime retail corridors are not only booming—they’re expanding.

High rents and low vacancies in prime corridors are changing the invisible boundary lines that once separated high- and low-end sections of Fifth Avenue, Madison Avenue, Greenwich Village and other retail corridors throughout the city, analysts and real estate brokers claim.

“When these big names and huge chains move into these areas, people just love to follow them,” said Jeffrey Roseman, an executive vice president and principal with Newmark Grubb Knight Frank’s retail division. “They become anchors and magnets to pull others.”

Just as the earlier success of Urban Outfitters and H&M sparked further expansion below 49th Street on Fifth Avenue, and Alfred Dunhill and watchmaker Panerai boosted retail appeal below 57th Street on Madison when they emerged in 2009, aspirational clothing retailers are now doing the same in Greenwich Village. Read More

By Al Barbarino 11/09/12 4:18pm

Lease Beat

Media Company Outbrain Takes 25,000 Square Feet at 39 West 13th Street

Outbrain, a provider of strategic website enhancements, has signed a 25,000-square-foot lease in the Greenwich Village section of Manhattan, at 39 West 13th Street, effective through 2020, The Commercial Observer has learned.

The company will take the entire third floor in the building, though only 10,000 square feet in the property was originally available, brokers involved Read More

By Matt Chaban 1/03/12 12:05pm

Tails of Retail

Perk Up, Greenwich Village! Stumptown Coming to West 8th Street

It’s a good week for Oregon. Last night, the Ducks won their first Rose Bowl since 1917, Portlandia has its season premier on Friday and The Observer has learned that the Rose City’s favorite coffee roaster is about to open its second New York store, a flagship planned for 30 West 8th Street in the Village.

Stumptown is one the Beaver State’s top exports, behind grass (sod, not pot), hazelnuts, Nike duds and indie rock. Read More

By Matt Chaban 6/30/11 9:24am

Critical Condition

Rudin Opponents Flatline, Reviving St. Vincent’s Redo

Back in March, Rudin Management announced it had reached a deal with Long Island-LIU to open up an urgent care center in part of the old St. Vincent’s hospital in Greenwich Village. This would allow the powerful developer to continue with plans to build luxury condos in place of much of the old hospital as well as returning medical care to the neighborhood. Many locals were unsatisfied, since they would not be getting a full-fledged hospital, but the main opposition group has just dropped its legal appeal to the deal, meaning it can go ahead. Read More

By Matt Chaban 4/08/11 5:49pm

Critical Condition

The NFL Almost Took Over St. Vincent’s Hospital

Well, the Rudins have their latest prize—a bankruptcy court judge yesterday approved the august real estate family’s purchase of the shuttered St. Vincent’s hospital campus for $260 million.

The plan is somewhat controversial for not including full emergency care or inpatient services, though the judge in the case would not allow a Read More

By Matt Chaban 3/17/11 1:36am

Purple People Eaters

New Look University: Will Tweaks Appease Village?

Nearly a year ago, N.Y.U. unveiled its expansion plan for the next 25 years, which would add 6 million square to the university–already the third-largest landowner in the city, behind the Catholic Church and Columbia. The plan was met with immediate outcry from the Greenwich Village community–which had worked for years to help Read More

By Matt Chaban 3/10/11 3:01pm

Critical Condition

A Landmark Hospital [Updated: There's Still a Small Emergency]

St. Vincent’s, North Shore-LIJ and Rudin Management just announced and preferable (at least from a preservation perspective), choice–simply reuse the old building.

UPDATE, 11:45:

During a conference call, the three partners clarified their plan. The most striking revelation is that this new facility is the first of its kind in the city, though Read More

By Matt Chaban 3/10/11 2:03pm

Critical Condition

Clear! Rudins Revive Village Hospital, Save Landmark

Nearly a year after St. Vincent’s closed, a hospital is returning to Greenwich Village, albeit a much smaller one. St. Vincent and North Shore-Long Island Jewish have just announced a deal that, along with developer Rudin Management, will place an emergency care facility within the O’Toole Building, the distinctive “overbite building” on the west side Read More

By Laura Kusisto 9/10/10 6:33pm

Details on Michael Kors’ New Bleecker Corner

384 Bleecker Street

‘Tis the season of fashion, and Michael Kors has celebrated by opening yet another retail location.

The designer to the fabulous set has signed a 12-year lease for a corner spot at 384 Bleecker Street in Greenwich Village totaling 1,475 square feet.

“Michael Kors will be an exciting new Read More

By Roland Li 6/23/10 2:57pm

N.Y.U. VS. THE VILLAGE

14 Photos

Slideshow: N.Y.U.’s Fourth Tower Proposal

Not quite up to speed on what’s happening between N.Y.U. and Greenwich Village? Check out this slideshow, which breaks down what the school wants to do–and why the Village is royally peeved.

By Roland Li 6/22/10 9:43pm

N.Y.U. VS. THE VILLAGE

N.Y.U.’s Plans: An Assessment (And! Villager Compares School to Hitler)

On Monday evening in the West Village, one of the over 200 local residents at a public hearing on N.Y.U.’s expansion asked anyone who supported the school’s 2031 plan to raise his or her hand.

No one moved an inch.

There are undoubtedly some supporters of the ambitious proposal to add 6 million square feet of new space Read More

By Roland Li 6/18/10 9:01pm

N.Y.U. VS. THE VILLAGE

Dear N.Y.U., Stop Building in the Village—Sincerely, Some Village Residents

It looks as if N.Y.U. can do nothing right, as far as residents of Greenwich Village are concerned.

Earlier this week there were rumors that the school was considering taking space in the World Trade Center in the Financial District. But a few hours later, N.Y.U. revealed that it couldn’t afford to build Read More

By Eliot Brown 6/17/10 4:56pm

N.Y.U. VS. THE VILLAGE

An Ugly Threat: N.Y.U. Wants Its New Tower Approved or Else

N.Y.U. today unveiled designs for a planned residential and hotel tower along Houston Street, one of the more controversial aspects of its plans to expand by up to 2 million square feet in Greenwich Village.

The new designs, which arrived via the Journal this morning, call for a 38-story tower to complement the Silver Towers, three Read More

By Dana Rubinstein 5/19/10 4:43pm

Putting on Heirs

Neil Bender, King of Greenwich Village, Vanquishes Pretenders

Neil Bender, one-time disputed heir to a real estate fortune that encompasses more than 100 properties in Greenwich Village, is disputed no longer.

On Tuesday, a court struck down an appeal by Mr. Bender’s sister and nephew that challenged his right to inherit the estate from his uncle, William Gottlieb. The news was first reported Read More

Commercial Observer

Which 3 Submarkets Have Surpassed 2007 Asking Rents?

Retail’s Big Renaissance

Media Company Outbrain Takes 25,000 Square Feet at 39 West 13th Street

Perk Up, Greenwich Village! Stumptown Coming to West 8th Street

Rudin Opponents Flatline, Reviving St. Vincent’s Redo

The NFL Almost Took Over St. Vincent’s Hospital

New Look University: Will Tweaks Appease Village?

A Landmark Hospital [Updated: There's Still a Small Emergency]

Clear! Rudins Revive Village Hospital, Save Landmark

Details on Michael Kors’ New Bleecker Corner

Slideshow: N.Y.U.’s Fourth Tower Proposal

N.Y.U.’s Plans: An Assessment (And! Villager Compares School to Hitler)

Dear N.Y.U., Stop Building in the Village—Sincerely, Some Village Residents

An Ugly Threat: N.Y.U. Wants Its New Tower Approved or Else

Neil Bender, King of Greenwich Village, Vanquishes Pretenders

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