Author Topic: Empty store fronts (Read 35640 times)

dssjh · « **Reply #165 on:** August 09, 2019, 08:21:22 PM »

Quote from: JHMNY on August 09, 2019, 12:06:04 PM

Quote from: abcdefghijk on August 09, 2019, 11:49:42 AM
This got me thinking about that empty store next to Starbucks. I believe it used to be a hairdresser salon called Ingrid's...
That's a prime location...but has been empty for years now.

I heard that a medical office currently located above the Starbucks is going to move to that corner Ingrid's space. But yeah, if that's the case, it's taking forever to happen.

doesn't a fully windowed, no-privacy space seem like a bad place to put a medical office?

JHMNY · « **Reply #166 on:** August 09, 2019, 08:36:25 PM »

Quote from: dssjh on August 09, 2019, 08:21:22 PM

doesn't a fully windowed, no-privacy space seem like a bad place to put a medical office?

Lol. I agree, but I’ve been hearing the medical office thing for a while now. Maybe they realized it wouldn’t work out after all.

Simka · « **Reply #167 on:** September 29, 2019, 01:22:56 PM »

Jackson Heights is mentioned in a NY1 piece on empty commercial spaces.

https://www.ny1.com/nyc/queens/news/2019/09/26/rise-in-vacant-storefronts-attributed-to-skyrocketing-rent

r · « **Reply #168 on:** September 29, 2019, 02:41:24 PM »

Quote from: Simka on September 29, 2019, 01:22:56 PM

Jackson Heights is mentioned in a NY1 piece on empty commercial spaces.

https://www.ny1.com/nyc/queens/news/2019/09/26/rise-in-vacant-storefronts-attributed-to-skyrocketing-rent

That report seems... very wrong. It says that Jackson Heights has some of the highest vacancy rates in NYC, but earlier reports said that Jackson Heights has some of the lowest vacancy rates in NYC

e.g. https://jacksonheightspost.com/jackson-heights-has-the-healthiest-retail-among-24-nyc-neighborhoods-report

e.g. https://www.washingtonpost.com/business/on-small-business/empty-storefronts-jolt-nyc-council-into-action-on-small-business/2019/08/12/5ebabaa8-bd21-11e9-a8b0-7ed8a0d5dc5d_story.html

And just from walking around Jackson Heights, the vacancy rate does seem very low here compared to walking around Manhattan.

r · « **Reply #169 on:** September 29, 2019, 02:50:01 PM »

e.g. from https://www1.nyc.gov/assets/planning/download/pdf/planning-level/housing-economy/assessing-storefront-vacancy-nyc.pdf

buzz · « **Reply #170 on:** October 14, 2019, 12:20:39 PM »

There was a sign of construction over one of the empty stores. All Chinese. Beijing is taking over.

Shelby2 · « **Reply #171 on:** November 28, 2019, 09:45:52 AM »

I was surprised to see the large Duane Reade on the corner of Steinway and Broadway in Astoria completely gone. Not sure if there's anything slated to come into that space or if it will remain empty while they look for a new tenant.

dssjh · « **Reply #172 on:** November 28, 2019, 12:46:33 PM »

there's another one at 35th and broadway (four short blocks) and one at 28th and Steinway. maybe the chain finally realized they don't need that much saturation.

steinway is a ghost town, for what it's worth. even bank buildings are empty.

Ms. Jackson · « **Reply #173 on:** November 29, 2019, 08:11:40 AM »

Walgreens is closing a bunch of Duane Reades throughout the City. As DSSJH mentions the number of stores only a couple blocks away in either direction, it is obvious why that one was chosen. I wonder if any in our neighborhood are under consideration.

https://gothamist.com/news/duane-reade-nyc-closing

Quote from: Shelby2 on November 28, 2019, 09:45:52 AM

I was surprised to see the large Duane Reade on the corner of Steinway and Broadway in Astoria completely gone. Not sure if there's anything slated to come into that space or if it will remain empty while they look for a new tenant.

abcdefghijk · « **Reply #174 on:** November 29, 2019, 09:35:31 AM »

Eventually, once 50% of storefronts are empty, the rents for commercial storefronts will be forced to decrease.

Supply and demand.

So perhaps in the future we may have far more interesting stores. As the cost of rent for stores plummets, folks can take more risks.

Could all be positive. But there'll be up to 5 years of empty storefronts to endure around us first...before the commercial store rent market collapses.

dssjh · « **Reply #175 on:** November 29, 2019, 11:05:41 AM »

i admire that optimism. and while i don't see commercial landlords agreeing to lower rents as long as they get tax breaks for keeping storefronts empty, i hope you're right.

dssjh · « **Reply #176 on:** December 01, 2019, 08:22:38 AM »

not off topic, but out of area....even McDonald's is getting squeezed out of the market.
A Brooklyn McDonald’s isn’t lovin’ a massive rent increase proposed by a new landlord.

The golden arches outpost on Atlantic Avenue in Prospect Heights, which recently underwent extensive renovations and extended its lease through 2039, claims Vanderbilt Atlantic Holdings LLC — eager to get the eatery out so it can build “lucrative, high-density” housing — is turning the screws.

The McD’s, just down the street from Barclays Center, says Vanderbilt is trying to up the rent 545%, from about $14,000 a month to nearly $90,000. The ubiquitous fast-food chain is suing Vanderbilt in Brooklyn federal court for “attempting to corrupt a contractually required fair-market rental-valuation process.”

for the entire article, click link (no paywall)

https://nypost.com/2019/11/30/landlord-hits-brooklyn-mcdonalds-with-super-sized-rent-increase/

jo3boxer · « **Reply #177 on:** December 01, 2019, 10:03:31 AM »

the mcdonald's in flushing, that has been there as long as I can remember, also closed abruptly. one day we went by and it was there, and shortly after it looked as if it had been gone for ages.

i guess the same thing happened with the one on roosevelt where laly's now is.

hfm · « **Reply #178 on:** December 02, 2019, 11:47:28 PM »

Quote from: jo3boxer on December 01, 2019, 10:03:31 AM

the mcdonald's in flushing, that has been there as long as I can remember, also closed abruptly. one day we went by and it was there, and shortly after it looked as if it had been gone for ages.

i guess the same thing happened with the one on roosevelt where laly's now is.

Laly's is a significant upgrade though.

Open Borders Books · « **Reply #179 on:** August 01, 2020, 06:49:52 PM »

Quote from: the80s on January 10, 2019, 02:37:54 PM

Quote from: Dudley on January 10, 2019, 01:21:59 PM
Quote from: KDGHP on January 10, 2019, 01:03:25 PM
5. A Bookstore - We need a bookstore desperately, including books in various languages to serve the various communities

We have El Barco De Papel on 80th St just south of Roosevelt. They have books in at least 2 languages, check it out sometime!

Yes, agree that store is a neighborhood treasure that it took me too long to visit. A great spot.

Also, the last time I was in Kew & Willow Books in Kew Gardens, the owner mentioned that they were considering opening a second location, possibly in Jackson Heights since they've noticed a steady stream of customers visiting their store who live here.

I work with a small collective of local residents that wants very much to bring a bookstore to Jackson Heights. Right now, we're selling books every Sunday on 34th Avenue between 79th and 80th Street from 10am to 2pm (weather permitting), and donating half of the proceeds to local aid organizations. Check us out at openbordersbooks.org and come say hi!

Yours,
Jeff

Jackson Heights Life

News:

Author Topic: Empty store fronts (Read 35640 times)

dssjh

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JHMNY

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Simka

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r

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r

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buzz

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Shelby2

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dssjh

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Ms. Jackson

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abcdefghijk

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dssjh

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dssjh

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jo3boxer

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hfm

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Open Borders Books

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