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I don't know what's so shocking about this. ALL companies that have retail space are looking at their business strategy, which includes closing under performing stores and/or opening new ones with a different layout. McDonald's is no different. If they are going to remain competitive, they need to revamp their stores which they are doing nationwide in order to allow them to remain profitable in changing economic times. People keep forgetting that the minimum wage is now $15, and even McDonald's has to change in order to deal with that. They have a number of stores that have been under performing anyway, so they are closing numerous locations where necessary and opening brand new branches to reinvent the brand and modernize things.
I don't eat that garbage, but assuming they still have that $1 menu, they can't afford to pay people $15 an hour and keep prices so artificially low without making changes in their business strategy.
Not what happened here, this McDonalds was a money printing machine. They weren't given the opportunity to renew the lease
the one on Broadway was franchise, they also own the chinatown one on Canal & Lafayette
Quote:
Originally Posted by rayona
That McD had so many noise complaints. I imagine that the landlord was relieved to give them the boot and sell the property.
I don't understand where all the hoodrats come from on that stretch of Broadway between Chambers and Worth or what they're doing there. They can't afford to live in Tribeca, there's no projects there. All I can think of is that they're in the area on trial in court over on Centre street but that doesn't seem completely right either
I don't understand where all the hoodrats come from on that stretch of Broadway between Chambers and Worth or what they're doing there. They can't afford to live in Tribeca, there's no projects there. All I can think of is that they're in the area on trial in court over on Centre street but that doesn't seem completely right either
Likely from BMCC. I wonder about that myself when shopping at Whole Foods over there. I don't see where else they could be coming from.
I predict Columbia and NYU to take over more buildings in NYC. The cost of education at for-profit colleges keep going up. It's like selling a house for them, each college grad paid a sum equivalent to a single family home. And people just won't stop trying to get into these colleges and they are expanding like crazy. NYU is one of my former clients so I know how much they are growing.
NYU and Columbia are private not-for-profit colleges.
NYU and Columbia are private not-for-profit colleges.
By which means they pay vastly lower property taxes, utility rates and other charges by nature of that designation courtesy of NYC/NYS laws.
Neither Columbia nor NYC (or the Catholic and many other churches/faiths) are hurting for money, but they are entitled to such special treatment which only encourages them to spread.
At this rate as one has said, NYU will own most if not significant chunks of Manhattan below 14th and Columbia from Harlem and above.
By which means they pay vastly lower property taxes, utility rates and other charges by nature of that designation courtesy of NYC/NYS laws.
Neither Columbia nor NYC (or the Catholic and many other churches/faiths) are hurting for money, but they are entitled to such special treatment which only encourages them to spread.
At this rate as one has said, NYU will own most if not significant chunks of Manhattan below 14th and Columbia from Harlem and above.
Oh I agree. I was just correcting someone who said they were for profit.
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