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 ...
I had the top score on a Frogger video game at a pizza place somewhere around there.
Manhattan will be rebranded Manhate’n. All retail stores will be made wheelchair looter accessible.
Untwist thy panties, snowflake.
Oh OK. You clearly have no idea of the meaning or origin on the words you use.
Is every landlord a Jew, Kike? A slimey (which is how you spell it?). If you came on here calling people Niggers, I am sure you would feel some wrath.
Or, Pollak? Or Wop?
You perpetuate a harsh and nasty stereotype, and just brush it off.
YOU are the reason why people think Republicans and Conservatives are ignorant A-holes.
I am not a snowflake. But I am aware of what “polite” use is and there is no place for antisemitism on this site.
In New York, where there are fantastic Delis, why would any one buy a lettuce sandwich at Subway?
One of the TGI Friday’s mentioned in the excerpt is across 5 Av from St. Patrick’s too. I had a beer in that Friday’s one time.
You get what you vote for.
First, we take Manhattan...then we take Berlin.
I think there are a lot of shysters in Florida.
here in NY too... i think FL gets the overflow
The lieutenant is right on this one.
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