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There seem to be quite a lot of establishments which have closed recently in the area. There is at least 1 empty storefront every 1 or 2 blocks. Also, all of the new and exciting places look like they are opening in 5th Avenue, instead.
Is it just that the commercial rents are more expensive on 7th Avenue? Will these drag prices of the corresponding residential areas closer to 7th Avenue down?
There seem to be quite a lot of establishments which have closed recently in the area. There is at least 1 empty storefront every 1 or 2 blocks. Also, all of the new and exciting places look like they are opening in 5th Avenue, instead.
Is it just that the commercial rents are more expensive on 7th Avenue? Will these drag prices of the corresponding residential areas closer to 7th Avenue down?
People took out mortgages they couldn't afford to buy property in an overvalued area. Now the chickens have come home to roost... that's all. Someone will scoop up the empty space soon enough.
Reminds me of Philly's Walnut Street. There's a corner location one block from Rittenhouse Square, right by Coach and Burberry, that used to be a Bath & Body Works. BBW moved to a nearby less expensive place and it's been vacant over a year...which is pretty unfortunate for such a "prime" spot. But the rent must just be too high.
Yeah, there's just the B&N across from Rittenhouse Square and Borders on Broad and Chestnut. I don't recall any mom/pop bookstores in the area even back in 2002.
There's a whole lot of the "standard" clothes stores, a lesser variety of shoes, some cosmetics, banks, cell phone stores and pricey restaurants (unfortunately Rouge does make the best burger in the area). Plus Williams-Sonoma and Tiffany's closer to Broad. We've also gotten a Macy's in the last two years with Strawbridge's being closed.
Yeah, there's just the B&N across from Rittenhouse Square and Borders on Broad and Chestnut. I don't recall any mom/pop bookstores in the area even back in 2002.
There's a whole lot of the "standard" clothes stores, a lesser variety of shoes, some cosmetics, banks, cell phone stores and pricey restaurants (unfortunately Rouge does make the best burger in the area). Plus Williams-Sonoma and Tiffany's closer to Broad. We've also gotten a Macy's in the last two years with Strawbridge's being closed.
Are we talking Park Slope Brooklyn, or are we talking Philly?
Doh - of course you were replying to the, um, actual topic. Stupid me.
I'm about to move so forgive me for still having Philly on the brain. But I'd certainly appreciate any recommendations on places to check out (especially non-restaurant if possible as I prefer eating within walking distance of home) in Park Slope. I didn't get to see much of 5th avenue the time I checked the neighborhood out.
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I didn't get to see much of 5th avenue the time I checked the neighborhood out.
