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 Victorias 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.
Theres 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 Manhattans 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. Fridays 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 ...
Mark Levin has just read the entire article on radio, with commentary.
In Florida they are still open, even though they are harder hit than NYC? Come on man...that is heavy spin, like Kamala serving the Bidens.
Early Woody Allen movies are ok.
Yup. Californians did that to the once great conservative state of Colorado. I use the word, cancer to describe the spread of liberal policies to freedom loving American cities and states.
How, by trucking in liberals.
That's over ~$2.4 million per month. More than enough to cover the rent.
..and a variety of clam chowder.
And a soda. Manhattan Special.
Many will move to Connecticut, or Massachusetts, or Rhode Island (probably not Jersey - it's beneath them), so they will just make blue states more blue.
Florida where the virus is far worse...
Not true.
Seattle, Portland and Chicago soon to follow.”
Here in Seattle we had shops and restaurants in downtown closing last year before there was wuflu riots.
With the homeless and the drug addicts everywhere, no one wanted to linger after work to shop or eat and folks certainly didn’t want to just drive downtown in the evening.
Then the riots and downtown boarded up, Nordstrom’s flagship store entirely looted, the police chief quitting because she was not allowed to do her job. Seattle is basically destroyed.
I agree. When I come home from my flights and my folks pick me up we head south on I5 and come up to where we live on Hwy101 completely avoiding Seattle; it’d be easier and quicker to take the ferry over to the Olympic Peninsula but we don’t want to go anywhere near downtown Seattle even if it’s just on I5 to Edmonds.
I don't know about Marcelino's Bodega or Schintzel's Deli. Wonder if Puta Mayo made it, or Mindy's?
That’s a lot of bras to sell!
They make places danverous and crappy and rundown.
Sane people sell at below prices just to leave with their lives intact.
Then the demtards let their rich globalist friends directly or via companies, buy up the depreciated real estate offerings, move the problems to the suburbsand areas outside their city, even bus them to other parts of the state or country.
So globalist demtard control over areas thus grows tighter and the drive out more of those who oppose them
Hope every business leaves!
I sometimes have to go to Seattle to work but it is rare.
I live up by Edmonds and so there is a lot of travel I can do on 99. So when going south I can stay to the west of Seattle.
Yes, I listened to a radio show the other day, where they were talking about rural property being extremely hot right now.
George Soros destroys another USA city
Going south on I405 to bypass it totally going to SEATAC.
Don’t forget Babu’s Dream Cafe, it is toast.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.