April 17, 2020 Real Estate, Restaurant/Bar News
LUCKY STRIKE DOWN
Who among us does not have a Lucky Strike memory? Eater reports that the restaurant on Grand, opened 31 years ago by Keith McNally — the predecessor to Pastis and Augustine — will close for good. In an interview a couple of years ago he told Eater that the restaurant didn’t make any money, but he was fond of it so he kept it open. Here’s what he said about the closing: “Due to the COVID-19 crisis, I was unable to find a way to make Lucky Strike work financially. This decision was particularly difficult since many of Lucky Strike’s wonderful staff have worked for me for over 20 years, and some of the customers have been coming since the day we opened.”
HERO OF THE DAY
The Post has a story about Shakeyra Stewart, a waitress at the Square Diner, currently furloughed, who is spending nearly every weekday delivering groceries, shopping for home-bound neighbors or packing food at the Golden Harvest Food Pantry in Bedford-Stuyvesant, where she lives. “Since I couldn’t donate cash, I could donate my time. So that’s what I did.” She said the food pantry has been hard hit itself, with even fewer volunteers — one day she was the only person who was there to help. “Helping feels good,” she told the Post. “Like there’s meaning to your life. I’m doing okay, but I can see the other people around me [are struggling],” Stewart said.
RENTAL MARKET IN BPC & FIDI
The Real Deal reports that (no surprise) leasing and inventory of rentals in Battery Park City and the Financial District are beginning to feel the first effects of the pandemic. “The number of units leased in Battery Park City sunk about 27 percent to 163 from 223 a year ago. In FiDi, the number of units rented fell even further to 453, a 35 percent year-over-year drop from 701. Rental inventory also fell in both neighborhoods. Battery Park City’s inventory sank 41 percent to 274 units on the market, while FiDi inventory plunged more than 50 percent to 757 units.”
ON THE FLIP SIDE, AT 130 WILLIAM…
Crain’s reports that 130 William St. — the David Adjaye project — is still on track to open this summer. The 242 units start at $786,000 for a 436-square-foot studio, and the four-bedroom, four-and-half-bath penthouse can be had for $20 million. “In context, the average list price of the 63 studios for sale in the Financial District in late March, including new and existing units, was $769,000, according to Streeteasy.com.”
SAM SIFTON MISSES THE SMELL OF FORGIONE
Duh, so do we. And he adds Prune and Mission Chinese and restaurants across the country. — The Times
Subscribe to the TC Newsletter