Among the myriad strands of New York City real estate, there are many challenges and treasures are many. The capacious loft, glassy penthouse, uptown grandee, all come with their particulars and peculiarities. Among them is that marriage of two big city institutions: the apartment above an eating establishment. Read More
Tales of Retail
In a transparent effort to combat the bad publicity accrued in the wake of the shopping-cart incident, Harlem’s Target store is hellbent on making sure New Yorkers know it truly, deeply, honestly and sincerely cares about the community. A Daily News article , which reads suspiciously like a PR statement, reports that Read More
The 1% percent are at it again! No, today it’s not a solitary fat cat out to get the masses, but the company behind the blue bloods’ consummate accoutrement: Rolex.
You’d think they’d be busy enough in the holiday season polishing their glimmering time pieces, but no! Instead they’re taking on the little guy as embodied in a small Brooklyn delicatessen, the Post reports. Read More
Last month, The Observer revealed the The Gap was poised to close one-quarter of its stores in New York. A spokesperson denied this at the time, calling the claim “extremely exaggerated.” But yesterday, the company announced it is actually close one-third of its stores. Read More
It is a POPS done right.
The Apple Cube on Fifth Avenue managed to transform a windswept plaza at one of the busiest intersections in Manhattan into a destination known the world over—one that became a shrine to its creator when Steve Jobs passed away earlier this week. The Journal‘s Eliot Brown (an Observer alum!) talked with reclusive developer Harry Macklowe about how the cube came to be. Like all things Apple, it wasn’t his idea but Jobs’. Read More
It looks like New York may not be closing the Gap after all, at least not all the way. Read More
For decades, the Gap represented the sort of blasé casualness most Americans brought to their fashion. From men’s closets stuffed with baggy khaki cargos to high school girls repurposing those iconic navy-and-white shopping bags as backpacks, the Gap was America’s premier clothier. Even in fashion-forward New York, the company managed to open a few dozen stores.
Now, with changing tastes and intense competition from cheap-chic rivals like H&M and Uniqlo, the world’s second largest clothing retailer plans to shutter roughly a quarter of its stores in New York City. According to a real estate executive with knowledge of the plans, between 12 and 15 stores will close in the next few years, a consolidation that will greatly reduce the 35 Gap stores and 17 Banana Republics in the five boroughs. Read More
Century 21, Tourist Horde's Favorite Department Store, Expanding Just in Time for Ground Zero Crowds
It may be the worst shopping experience after the Trader Joe’s in Union Square. Still, when Century 21 is good, it’s really good. Dress shoes, bow ties, and some of the best clearance deals in town—if you can stand slapdash shelves and crammed clothes racks, the flood of tourists fighting for clothes and the woefully indifferent staff, the store can be a goldmine.
These problems could be disappearing as Century 21 plans to expand its downtown flagship in the coming months, according to Crain’s. Well, everything except for the rudeniks behind those red aprons. Read More
Marty Markowitz spent yesterday griping about the lack of an Apple store in his beloved Brooklyn. Worry all you want about the chainification of the tragically hip borough—The Observer certainly does—but there’s no stopping the un-gentrifiable Fulton Mall, as it is poised to pick up another national chain. And, no, it’s not a Shake Shack wannabe. Read More