Posted on 08/11/2020 3:26:31 PM PDT by Mount Athos
In the heart of Manhattan, national chains including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien have shuttered branches for good. Many other large brands, like Victoria’s Secret and the Gap, have kept their high-profile locations closed in Manhattan, while reopening in other states.
Michael Weinstein, the chief executive of Ark Restaurants, said he will never open another restaurant in New York.
Of Ark Restaurants’ five Manhattan restaurants, only two have reopened, while its properties in Florida — where the virus is far worse — have expanded outdoor seating with tents and tables into their parking lots, serving almost as many guests as they had indoors.
“There’s no reason to do business in New York,” Mr. Weinstein said. “I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less.”
In Manhattan’s major retail corridors, from SoHo to Fifth Avenue to Madison Avenue, once packed sidewalks are now nearly empty. A fraction of the usual army of office workers goes into work every day, and many wealthy residents have left the city for second homes.
Some popular chains, like Shake Shack and Chipotle, report that their stores in New York were performing worse than others elsewhere, investment analysts said. A few dozen Subway locations have closed in New York City in recent months.
A Gap Store near Rockefeller Center has stayed closed and has not paid its $264,000 monthly rent. Two T.G.I. Friday’s in prime locations, one near Rockefeller Center and another in Times Square, have remained closed while its restaurants elsewhere in the country have reopened.
Landlords have started filing lawsuits against commercial tenants for not paying rent, accusing some national brands of trying to take advantage of the crisis.
(Excerpt) Read more at nytimes.com ...
The Liberal Dems have done their level best to destroy NYC and are successful..........
i’m thinking a lot of those businesses looted in chicago won’t come back
Sounds unsustainable.
Even in good times.
And this is from the New York Times!
I was able to trade 2 1 OZ silver coins for a Manhattan Penthouse. It seemed like a good deal but it turns out the place is on fire and the taxes are 1 trillion a month.
And so it begins. New Yorkers asked for this by voting for the Cuomos and Deblahdeblahs. Now they get to live with it.
Whatdya mean?!? Cuomo said he'd buy you a drink -- dinner, even! Ya ungrateful wretch!
LOL
NYT, it can’t report without lying.
“in Florida — where the virus is far worse...”
$264,000 a month rent OMG they have got to be kidding me!! WHY in the hell would ANYONE return NO WAY!!{
And now they move on to other states to spread the disease then shrug their shoulders and say “I don’t know what happened.”
Yep! All part of the plan.
Quickly heading the way of Detroit in the late 60s/early 70s.
It will not just be NYC. It will be every city whose Marxist mayor is not just allowing rioting but encouraging it. Seattle, Portland, Milwaukie, Chicago, etc...
When Nov. 4th arrives and Donald Trump is reelected in a landslide those places will descend into decay as the sane who made the mistake to live there for whatever reason abandon those places as soon as they are able.
Manhattan was so famous a long time ago, the city even had an alcoholic drink named after it.
Here I sit,
Broken hearted...
“Now they get to live with it.”
I disagree. Now they will move and take their libtarded politics with them and destroy that place
Leave the burnt out shells and get the hell out of Dodge...
I (won’t) take Manhattan.
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