The times continue to change on the once-scruffy Lower East Side.
Last month, the Leather Gallery of New York, a vestige of Orchard Street’s historic discount shopping district, moved down the block from 194 Orchard Street. Now, filings with the Department of Buildings indicate that a new 9,225-square-foot, six-story mixed-use building might rise in its place, Bowery Boogie reported. Read More
When The Commercial Observer spoke with Ken Barnes last month at the International Council of Shopping Centers, the senior director of northeast regional development at 7-Eleven laid out bold plans for the convenience chain’s continued expansion throughout Manhattan.
“We can’t open more New York locations fast enough,” Mr. Barnes said. “Every neighborhood is a target.” As the company hopes to add 100 more Manhattan locations to its 32 current outposts across the borough, one neighborhood isn’t taking the bullseye on its back lightly.
Alphabet City is fighting for its right to shop at independently-owned 24-hour destinations for late night beer and hygienic product runs. Read More
Is the city’s public-private affordable housing model—the Community Preservation Corp., a group of 70 banks and insurance companies, in particular—expediting Brooklyn’s gentrification?
The Gotham Gazette seems to think so. The Gazette investigated the city’s publicly available property transaction records and found that since 2007, 65 percent of the $701 million invested in Brooklyn Read More
