Former West Village Restaurant Properties Being Converted to Retail Stores
Routinely, monthly roundups of restaurant openings and closings show twice as many openings as closings, as we mentioned in our recent pessimistic assessment of the challenges facing restaurateurs today. We're apparently in a huge hospitality bubble, wherein any place that debuts with enough hype seems to attract crowds and make money. But how long can this boom continue?
Perhaps the signs foretelling the end are already here. In the West Village, for example -- one of the era's most popular locations for fine dining -- storefronts that were once restaurants are being turned to non-restaurant uses. Concurrently, the inventory of vacant restaurants has grown. Here are some examples in both categories.
At 330 Bleecker Street, at the busy corner of Christopher and Bleecker, a valuable storefront that was once a bakery and coffee shop, is now being converted to a store selling designer English colognes and candles. We wrote about the café's closing.
Next: A few of the currently troubled restaurant storefronts ...