CoCo Bubble Tea Spot Opens in Last Low-Rise Strip on Delancey Street
This image has been archived or removed.
Taj Gold, one of the last jewelry/pawn shops along the Delancey Street corridor, closed back in May. Its store canopy was pried from the building and its windows fully papered. The company had been on the block for more than a decade.
And until last week, the space at 156 Delancey was a vacant mess topped with a thick layer of graffiti. Now, half that retail footprint is filled with a familiar local business. The Chinatown bubble tea spot, CoCo. The location opened on Friday, and is the eighth overall in Manhattan for the multinational chain.
There is a grand opening sale – in week-long increments – running through next month.
This image has been archived or removed.
However, the installation of CoCo is simply another instance of rearranging deck chairs on a sinking ship. Consider the location. 156-164 Delancey Street is a stretch of single-story retail that has been on and off the market several times in recent years. While some new retail did move in – namely, Boost Mobile and Cricket Wireless – it’s believed that the real estate is operating on borrowed time.
The properties were again on the market over the summer with the lower asking amount of $15 million, but were just as quickly pulled. Either way, that price point was still more than two-fold increase in what Ashkenazy Investments paid three years ago.
Recent Stories
Remember When You Could Actually Get a Pickle on Pickle Day?
Seems like a no-brainer question – remember when you could actually buy a pickle at the annual Lower East Side Pickle Festival? Back when the party spanned the single block of Orchard Street between Broome and Grand, in front of Guss’ Pickles. Ever since the business improvement district turned the yearly event into a trendy […]
Two Bridges ‘Final Stand’ Against Wall of Glass on the Waterfront
While Pickle Day seduced the mainstream on Orchard Street yesterday afternoon (i.e. tourists), the mood was much less happy-go-lucky down in Two Bridges. Full sour, indeed. Dozens gathered in a show of solidarity for a so-called “final stand” against the addition of four more supertall towers along the Lower East Side waterfront. Timing of the […]
Mile End Deli Pulls the Plug on Bond Street
Mile End Deli on Bond Street is no more. The Brooklyn-based establishment ended service yesterday, concluding more than six years on the Lower East Side. The Jewish-Canadian deli is now down to one location – the Brooklyn original on Hoyt Street. A printout in the window explains how “it was a hard decision to close” […]
Man Slashed Across the Face in Sara D. Roosevelt Park in ‘Random’ Attack
The crime emanating from Sara D. Roosevelt Park these days appears to be worsening. Saturday afternoon at around 1:15pm, a 34-year-old man was slashed across the face near the Parks Department storehouse on Stanton Street. The victim allegedly did not know his attacker, who fled southbound on Chrystie thereafter. The authorities are reportedly calling it […]
Revisiting the Rise of Brooks Brothers on the Lower East Side
Brooks Brothers shuttered its Financial District store yesterday (October 11), a location the company held for the last 45 years. The landlord, Brookfield Properties, hopes to “overhaul the property.” “The store is closing due to the landlord’s plans for extensive renovations and changes to the building,” Brooks Brothers VP global public relations told Patch. “We […]
