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Third Quarter 2017

September 14, 2017

Welcome to the Village Alliance’s fall quarterly report that focuses on the retail environment in Greenwich Village. Our neighborhood is filled with every type of shop from small mom-and-pops, to local New York City and national retailers. With a population of over 50,000 people and an average median income of $110,000, the area caters to working professionals, college students and everyone in between. Released four times a year, the report provides a snapshot of the different neighborhoods within our district, highlighting their characteristics as well as recent retail openings and availabilities.

Spotlight Corridor: University Place

Bookended by two of New York City’s most dynamic parks and just 6 blocks long, University Place is one of Greenwich Village’s most highly sought after streets. Charming early 20th Century commercial and residential buildings line the street as well as modern structures.

The block has a storied history. Formerly known as Wooster Street, it was renamed University Place a year after New York University opened in 1838. The Hotel Albert at 63 University Place operated for over 100 years and had many renowned guests from Robert Louis Stevenson to Frank Zappa. John Phillips wrote “California Dreaming” on a cold winter’s day there. The building is now an apartment building.

University Place is also making way for new development. 21 East 12th Street, a 22 story condo building with 52 units and retail on the ground floor is scheduled for completion in 2018. Right next door is the five-unit condo 116 University Place which will also open in 2018.

Retail on the block includes vegan food mecca Nix; neighborhood market Agata and Valentina; paper and leather goods shop Moleskin and Amarino gelato. Coming this fall is health food favorite Sweetgreen. Average per square foot rent on University Place ranges from $300 to $325.

Retail Availability

Explore Available Retail Spaces in the BID

Featured Listing: 17 West 8th Street

Located between one of Manhattan's most talked about restaurants, Loring Place, and the chic Marlon Hotel, 17 West 8th Street is a flexible space that can be transformed into many uses. The 1,500 square foot space has 300 square feet of storage as well as 20 feet of south facing retail frontage just around the corner from Washington Square Park. The space, formerly a spa, also can accommodate a ventilation system. Asking price is $150 per square foot. To schedule a showing contact jake@compass.com or call 646.761.5297.

New Business: Blue Bottle Coffee Is As Fresh As It Gets

Greenwich Village welcomes the popular Oakland-based coffee chain Blue Bottle Coffee to 101 University Place at 12th Street.

Ever have a cup of coffee that tastes days old even though it is just 9 am? Blue Bottle Coffee was created to ensure that all of its coffee is drunk at its peak flavor. That can mean 1, 2 or 5 days after roasting depending on the type of bean. Named after the first ever coffee house in 17th century Vienna, Blue Bottle serves Villagers delicious brews from 7am to 7pm, seven days a week.

July to September District-Wide Retail Openings

Astor Plate

Astor Place South Plaza

The food kiosk highlights healthy comfort food, coffee and beverages, that are organic and locally sourced when possible. East Village favorite MUD coffee is also served.

Kubeh

464 6th Avenue

Named for its specialty, an Iraqi/Kurdish dumpling served in broth, this Village eatery offers a menu that also includes kibbeh, Persian rice (tahdiq) sandwiches and meze.

La NewYorkina

Astor Place North Plaza

Founded in 2010, La NewYorkina features an amazing array of sweets and treats from Chef Fany Gerson’s native Mexico.

Mango Mango

23 St Marks Place

Mango Mango Dessert was first established in NYC on June 2013, serving traditional Hong Kong style sweet soup dessert to modern fusion sweets.

Greenwich Village NYC

Astor Place NYC