Monday, August 25, 2014

Looking for the deeper meaning about renting the former 99-Cent Discount Center on East 14th Street

News that the former 99-Cent Discount Center at 440 E. 14th St. is now for lease is not such big news.

However, the one-level storefront is adjacent to two other empty properties — the former Peter Stuyvesant Post Office and the Stuyvesant Stationery shop. There has been some speculation that these spaces will yield to a new retail-residential mixed-use building.

Adding to this development theory: Asbestos abatement signs recently went up outside the post office at 438 E. 14th St. near Avenue A.

But the fact that the 99-cent store property at 440 E. 14th St. is for lease makes this space unlikely for the future development. (For now anyway!) The post office and stationery shop apparently have the same landlord.

OK! Got all that? This will be on the midterm.

Previously on EV Grieve:
First sign of more development on East 14th Street?

Asbestos abatement to begin at former Peter Stuyvesant Post Office


Anonymous said...

Maybe the landlord wants to squeeze another one year lease out of some sucker tenant?

Ken from Ken's Kitchen said...

The P.O. was subleasing to the Hallmark store. Apparently not to the 4 stores east of the former Hallmark store that go to the corner. So it's a good bet the new owner of the old P.O. is working OT on buyouts of those 4 stores.