2nd Street Cafe Closing Followup: Seventh Ave. Retail Bummer?
The closure makes the third empty storefront in a single block and what will be a fourth when another bookstore closes as scheduled. Add two other vacant storefronts and it makes six within three blocks. Our own tipster terms Seventh Avenue "The Boulevard of Broken Restaurants."
Of the Seventh Avenue Retail Death March, a poster on Brooklynian notes:
The problem is landlords are getting greedy. I wouldn't worry though, 7th Ave has been finished as a retail destination for a number of years. Landlords either have brokers (often offices of said owners) as tenants or national credit rated tenants (Starbucks, Citibank, etc). Most tenants who are interested in providing entertainment or a good restaurant will simply move to an area where rents are $60 psf or less. They know people will travel.Seventh Avenue has actually had quite a bit more retail stability than other neighborhood strips, but that is apparently coming to an end, particularly on this stretch.
The spillover effect has created a vibrant 5th Avenue, and there is nowhere to go but up in places like Prospect Heights. Vanderbilt Avenue still has a ways to go, and I wouldn't be surprised if that doesn't get to be a serious restaurant destination.
Other Seventh Avenue News:
The big space formerly occupied by D'Agostino, which closed in the spring, at Seventh Avenue and Sixth Street, remains empty. It had been rumored for a while as a possible Bank of America branch location. The corner storefront formerly occupied by Gothic Cabinet Craft, which was also vacated, is empty as well. One of the spaces there was said to be the future home of some sort of children's store.
Labels: Park Slope