Chain Stores up 19% on the Lower East Side Last Year

Posted on: January 25th, 2019 at 5:07 am by

The pandemic of chain stores around Manhattan might be in somewhat of a containment stage, but not so much on the Lower East Side.

Center for Urban Future last week released the annual “State of the Chains 2018” report [PDF], which tracks stats borough-wide. On a macro level, the news appears promising, with a .3% decrease in chain retailers across the city. This is reportedly the first year-over-year drop since the group began crunching numbers a decade ago.

Manhattan chain retail declined 2.3% (loss of 67 locations), yet is still the most overrun borough with 122 locations per square-mile.

(Data is broken down by zip code.)

“The support residents show for local, independent, home-grown businesses is part of the reason our neighborhoods have trended towards less formula retail chain stores,” the report states.

In Chinatown/Lower East Side (10002), though, the trend is opposite. Formula retail increased 19% with eight stores added, bringing the total neighborhood count to 51.

Dunkin Donuts remains the leading chain retailer in the Five Boroughs for the tenth year running, gaining 12 additional locations for a citywide tally of 624.

State of Chains 2018 by on Scribd

Recent Stories

Lower East Side Children’s Halloween Parade Marches this Weekend

Time to test run those kiddie costumes! The Henry Street Settlement’s second annual children’s Halloween costume parade and party is happening this weekend, and promises plenty of spooktacular fun for all ages. The parade route starts at Abrons Arts Center (466 Grand Street) and follows the beats of the NYPD marching band through the streets […]

Here’s Why DOT Shouldn’t Move Forward with Hated Chinatown ‘Gateway’ Art Design [OP-ED]

A glimmer of hope came over me last month when I was informed that Department of Transportation would delay its presentation to Community Board 3 regarding the controversial Chinatown “Gateway” marker. I was cautiously optimistic that Linda Lee’s “Dragon’s Roar” design would be scrapped due to unanimous local outrage and opposition, and that the selection […]

Lebanese Eatery ‘Manousheh’ Signs Lease for Seward Park Location

The year-long dormancy of the former Grand Street 7-Eleven is drawing to a close. In its place, a familiar Lebanese restaurant. Word on the street is that Greenwich Village import, Manousheh, just signed a lease for the vacated space. We’re told that asking rent had been about $18,000, but final price is unknown. Occupancy apparently […]

Game Over for ‘Water World Amusements’ Arcade on Essex Street

Much like the movie of same, Water World Amusements unceremoniously sunk. The arcade, which opened just over a year ago at 35 Essex Street, is no more. Gaming cabinets remain locked in the dark retail space, while leasing signage dominates the store marquee. That this game room failed to hit is not a shock. Water […]

‘Greens and Grains’ Shutters, While Famous Hakki Readies Essex Chicken Spot

Greens and Grains is no more after a year in business, as Hell Square eats another of its own. Instead, the so-called Pizza Champion is opening a chicken-focused eatery. Hakki Akdeniz, who owns a plethora of pizzerias around the neighborhood, is planning to open Essex Chicken at 115 Essex Street. Just a few doors down […]